Manistee Lake, MI is a great place for people looking to invest in a home. The median value of housing in Manistee Lake is $119,300, significantly lower than the US median value of $338,100. In the past year, the US has seen an 8.27% appreciation in house values but Manistee Lake has done even better with a 15.49% increase in housing values. This makes it an ideal time to purchase a home in Manistee Lake as the potential for future growth looks promising.
The median home cost in Manistee Lake is $119,300. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Manistee Lake is up 19.8%.
Average Age of Homes
- The median age of Manistee Lake real estate is 44 years old
The Rental Market in Manistee Lake
- Renters make up 4.5% of the Manistee Lake population
- 0.0% of houses and apartments in Manistee Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.