Marathon, MI is an area where the housing median value is much lower than the US median value of $338,100. Despite this, the area is still experiencing a healthy rate of appreciation with a 1 year change of 6.41%, below the national average of 8.27%. This could make Marathon, MI an attractive option for buyers looking to purchase a home in an area with a relatively low cost while still seeing some appreciation for their investment.
The median home cost in Marathon is $173,200. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Marathon is up 12.8%.
Average Age of Homes
- The median age of Marathon real estate is 42 years old
The Rental Market in Marathon
- Renters make up 11.8% of the Marathon population
- 0.3% of houses and apartments in Marathon, 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.