Petoskey, MI is a great place to buy a house. The median value of housing in Petoskey is $346,000, which is slightly higher than the US median value of $338,100. In the past year, the appreciation rate of houses in Petoskey has been 16.52%, which is significantly higher than the national appreciation rate of 8.27%. This strong housing market makes it a great time to buy a home in Petoskey!
The median home cost in Petoskey is $346,000. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Petoskey is up 21.4%.
Average Age of Homes
- The median age of Petoskey real estate is 43 years old
The Rental Market in Petoskey
- Renters make up 33.4% of the Petoskey population
- 1.1% of houses and apartments in Petoskey, 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.