Housing in Medina, MI is currently at a median value of $195,400, which is significantly lower than the US House Median Value of $338,100. Despite this difference in values, the one year house appreciation in Medina has actually been higher than the national average of 8.27%, with an appreciation rate of 9.09%. This means that housing in Medina has become more valuable over the past year despite its comparatively low median value.
The median home cost in Medina is $195,400. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Medina is up 16.2%.
Average Age of Homes
- The median age of Medina real estate is 57 years old
The Rental Market in Medina
- Renters make up 11.1% of the Medina population
- 0.0% of houses and apartments in Medina, 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.