Northfield, MI Housing


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The housing market in Northfield, MI is thriving. The median value of homes is currently at $299,800, which is significantly lower than the US House Median Value of $338,100. Additionally, over the past year, the appreciation rate of homes in Northfield has been 8.47%, which is higher than the US average of 8.27%. These statistics demonstrate that Northfield is an attractive place to purchase a home and invest in real estate.

The median home cost in Northfield is $299,800. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Northfield is up 13.1%.

Average Age of Homes
- The median age of Northfield real estate is 33 years old
The Rental Market in Northfield
- Renters make up 15.8% of the Northfield population
- 0.7% of houses and apartments in Northfield, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingNorthfield, MichiganUnited States
  3,730.0139,647,020.0
  3142
  $299,800$338,100
  13.1%16.6%
  49.3%57.0%
  109.8%101.1%
  $16.16$10.98
  $3,727$2,690
  74.6%57.4%
  5.6%11.2%
  19.8%31.4%
  Vacant Housing
  0.7%1.9%
  0.0%0.4%
  1.3%0.7%
  0.5%0.4%
  1.1%3.6%
  2.0%4.1%
  Value of Owner-Occupied Housing
  6.5%2.6%
  4.8%2.4%
  2.9%2.8%
  0.6%3.9%
  2.6%4.5%
  3.7%11.3%
  19.1%13.0%
  25.1%20.1%
  17.6%13.6%
  8.2%8.3%
  7.1%9.7%
  1.2%3.9%
  0.3%2.2%
  0.5%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.1%0.2%
  14.3%13.6%
  14.3%13.6%
  32.1%13.6%
  14.9%13.2%
  6.8%14.8%
  32.1%13.6%
  6.3%10.0%
  3.8%4.7%
  9.8%12.2%
Commute
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