Michigamme township, MI has experienced a significant increase in housing values over the past year. The median value of homes in Michigamme township is $215,400, which is significantly below the US median value of $338,100. However, the one-year appreciation rate for Michigamme homes was 12.90%, significantly higher than the 8.27% appreciation rate across the US. This suggests that Michigamme's housing market is growing faster than most other areas and could be an attractive place to invest in real estate.
The median home cost in Michigamme township is $215,400. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Michigamme township is up 23.1%.
Average Age of Homes
- The median age of Michigamme township real estate is 55 years old
The Rental Market in Michigamme township
- Renters make up 1.0% of the Michigamme township population
- 0.0% of houses and apartments in Michigamme township, 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.