The housing market in North Adams, MI is thriving and experiencing an increase in median value. The median value of housing units in this area is currently $145,600, which is significantly lower than the US median value of $338,100. In comparison to the US, North Adams' 1 year house appreciation rate stands at 9.09%, which is higher than the 8.27% national average. This shows that houses in this region are increasing in value at a faster pace compared to other parts of the country, making it a great place to invest in real estate.
The median home cost in North Adams is $145,600. Home appreciation the last 10 years has been 106.2%. Home Appreciation in North Adams is up 16.2%.
Average Age of Homes
- The median age of North Adams real estate is 78 years old
The Rental Market in North Adams
- Renters make up 23.3% of the North Adams population
- 1.8% of houses and apartments in North Adams, 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.