Paw Paw Lake, MI is a great place to buy a home. The median house value is $142,100, which is significantly lower than the US median house value of $338,100. Despite the lower cost of housing in Paw Paw Lake, MI homeowners have seen an impressive 10.54% appreciation in house values over the past year compared to 8.27% for the US as a whole. This makes now a great time to invest in a property in this area and take advantage of the low housing costs combined with strong appreciation potential.
The median home cost in Paw Paw Lake is $142,100. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Paw Paw Lake is up 14.9%.
Average Age of Homes
- The median age of Paw Paw Lake real estate is 56 years old
The Rental Market in Paw Paw Lake
- Renters make up 12.7% of the Paw Paw Lake population
- 1.3% of houses and apartments in Paw Paw Lake, 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.