Michiana, MI is known for its high housing prices, with the median value reaching an impressive $694,600. This is significantly higher than the US median of $338,100. The appreciation rate for housing in Michiana has also been especially strong over the past year, with a 1-year appreciation rate of 11.06%, higher than the US average of 8.27%. With such high values and rates of appreciation, it's no wonder that Michiana is considered one of the most desirable areas to purchase a home in Michigan.
The median home cost in Michiana is $694,600. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Michiana is up 19.5%.
Average Age of Homes
- The median age of Michiana real estate is 57 years old
The Rental Market in Michiana
- Renters make up 0.5% of the Michiana population
- 0.0% of houses and apartments in Michiana, 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.