Muskegon Heights, MI is a great place to invest in the housing market. The median value of houses in the area is currently $60,000, which is much lower than the US median value of $338,100. This presents an opportunity for potential buyers to take advantage of a more affordable home and still benefit from a robust market appreciation - with an estimated 1 year appreciation rate of 13.62%, compared to 8.27% for the US as a whole. With these facts in mind, it makes sense to consider Muskegon Heights when looking to purchase or invest in housing.
The median home cost in Muskegon Heights is $60,000. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Muskegon Heights is up 16.5%.
Average Age of Homes
- The median age of Muskegon Heights real estate is 72 years old
The Rental Market in Muskegon Heights
- Renters make up 39.3% of the Muskegon Heights population
- 1.8% of houses and apartments in Muskegon Heights, 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.