Newfield, MI is a great place to live, with a median house value of $185,500. This is significantly lower than the US median house value of $338,100. The US 1 year house appreciation rate was 8.27%, however in Newfield, MI it was 13.62%. This higher appreciation rate indicates that housing in Newfield is becoming increasingly desirable and valuable. With the combination of lower prices and growing value, Newfield is an ideal place for those looking to purchase or rent a home.
The median home cost in Newfield is $185,500. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Newfield is up 16.5%.
Average Age of Homes
- The median age of Newfield real estate is 40 years old
The Rental Market in Newfield
- Renters make up 12.5% of the Newfield population
- 0.3% of houses and apartments in Newfield, 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.