The housing market in McMillan township (Luce County), MI is currently quite a bargain compared to the US median value of $338,100. The median value of housing in McMillan township is only $82,200, representing a significant savings for those looking to purchase property in the area. In addition, while the US house appreciation rate is 8.27%, the 1 year appreciation rate in McMillan township is 12.92%. This could be an indication of an area with growing potential and therefore a great opportunity to invest in real estate at an affordable price.
The median home cost in McMillan township (Luce County) is $82,200. Home appreciation the last 10 years has been 71.6%. Home Appreciation in McMillan township (Luce County) is up 23.1%.
Average Age of Homes
- The median age of McMillan township (Luce County) real estate is 48 years old
The Rental Market in McMillan township (Luce County)
- Renters make up 18.1% of the McMillan township (Luce County) population
- 0.8% of houses and apartments in McMillan township (Luce County), 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.