The housing market in Norvell, MI is doing well, with the median value of a home at $263,800 compared to the US median value of $338,100. This shows an appreciation rate over the past year of 9.08%, higher than the US rate of 8.27%. With this strong appreciation rate, it's a great time for potential homeowners or investors to invest in Norvell real estate. The city offers plenty of options for those looking to buy or rent a home and appears to be a thriving market for housing demand.
The median home cost in Norvell is $263,800. Home appreciation the last 10 years has been 106.3%. Home Appreciation in Norvell is up 16.2%.
Average Age of Homes
- The median age of Norvell real estate is 42 years old
The Rental Market in Norvell
- Renters make up 10.5% of the Norvell population
- 0.4% of houses and apartments in Norvell, 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.