Housing in Michigamme, MI is a great investment for potential homeowners. The median value of homes in Michigamme is $130,000, which is significantly lower than the national median house value of $338,100. Additionally, the 1 year appreciation rate of 12.90% is notably higher than the national average of 8.27%. This makes buying a home in Michigamme an even more attractive opportunity for those looking to invest and own property in this area.
The median home cost in Michigamme is $130,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Michigamme is up 23.1%.
Average Age of Homes
- The median age of Michigamme real estate is 55 years old
The Rental Market in Michigamme
- Renters make up 1.9% of the Michigamme population
- 0.0% of houses and apartments in Michigamme, 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.