The housing market in Ortonville, MI is doing well compared to the national average. The median value of homes in Ortonville is $323,900, which is less than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, whereas the 1 year appreciation rate for Ortonville's housing market is 6.41%. This indicates that the values of homes in Ortonville have risen more slowly than those nationally over the past year. Despite this, home values are still increasing and indicate a strong local housing market overall.
The median home cost in Ortonville is $323,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Ortonville is up 12.8%.
Average Age of Homes
- The median age of Ortonville real estate is 47 years old
The Rental Market in Ortonville
- Renters make up 32.7% of the Ortonville population
- 1.1% of houses and apartments in Ortonville, 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.