The housing market in Millen, MI is booming, with the median value of homes in the area coming in at $151,700. This is significantly lower than the US house median value of $338,100 and less than a quarter of what it costs to purchase a home nationwide. However, what Millen lacks in prices it certainly makes up for in appreciation rates. The house appreciation rate for the past year in Millen was 9.81%, which is higher than the national rate of 8.27%. All this means that Millen is a great place to buy a home and invest in its future value as the prices continue to rise.
The median home cost in Millen is $151,700. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Millen is up 14.8%.
Average Age of Homes
- The median age of Millen real estate is 47 years old
The Rental Market in Millen
- Renters make up 3.8% of the Millen population
- 0.0% of houses and apartments in Millen, 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.