The housing market in Orient, MI is quite healthy with a median value of $216,900. This is significantly lower than the US median value of $338,100. However, it has appreciated at a higher rate than the national level over the past year. The 1 year house appreciation for Orient, MI stands at 14.91%, while the US house appreciation rate hovers around 8.27%. This rate of appreciation implies that housing prices are still on an incline and buyers can expect to get a good return on their investment in this area.
The median home cost in Orient is $216,900. Home appreciation the last 10 years has been 117.4%. Home Appreciation in Orient is up 19.4%.
Average Age of Homes
- The median age of Orient real estate is 37 years old
The Rental Market in Orient
- Renters make up 5.3% of the Orient population
- 1.3% of houses and apartments in Orient, 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.