Platte, MI is an attractive place to live due to its high housing median value and appreciation rate. The median value of a house in Platte is $337,400, which is slightly lower than the US median value of $338,100. However, the 1 year house appreciation rate in Platte is 15.49%, higher than the US 1 year house appreciation rate of 8.27%. This makes Platte an ideal location for those looking to invest in housing as they can expect a good return on their investment within a relatively short amount of time.
The median home cost in Platte is $337,400. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Platte is up 19.8%.
Average Age of Homes
- The median age of Platte real estate is 30 years old
The Rental Market in Platte
- Renters make up 4.1% of the Platte population
- 1.9% of houses and apartments in Platte, 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.