Odessa, MI is a small town located in the state of Michigan. It has an attractive housing market with a median value of $216,000, which is considerably lower than the US house median value of $338,100. In the past year, the US house appreciation rate was 8.27%, while houses in Odessa appreciated 8.98%. This makes it an ideal place to invest in real estate and benefit from the solid returns associated with it. The relatively low cost of living and still appreciating prices make Odessa an attractive place for potential home buyers.
The median home cost in Odessa is $216,000. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Odessa is up 12.2%.
Average Age of Homes
- The median age of Odessa real estate is 60 years old
The Rental Market in Odessa
- Renters make up 18.8% of the Odessa population
- 0.9% of houses and apartments in Odessa, 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.