The housing in Newberry, MI is an attractive investment for potential buyers due to the current median value being significantly lower than the US House Median Value. Moreover, the one year house appreciation rate for Newberry, MI is even higher than the US average at 12.90%, making it an even more attractive option for potential buyers. With a steady rise in median value and appreciation rate, Newberry, MI presents a great opportunity to invest in real estate.
The median home cost in Newberry is $71,600. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Newberry is up 23.1%.
Average Age of Homes
- The median age of Newberry real estate is 69 years old
The Rental Market in Newberry
- Renters make up 27.0% of the Newberry population
- 2.2% of houses and apartments in Newberry, 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.