Pontiac, MI is a great location for anyone looking to purchase a home. The median value of housing in Pontiac is $105,300, which is substantially lower than the US house median value of $338,100. Despite the low median value for homes in Pontiac, it stills sees an impressive 8.00% one-year appreciation rate on par with the national average of 8.27%. This makes Pontiac an attractive option for those looking to get into the housing market and take advantage of the potential forproperty appreciation.
The median home cost in Pontiac is $105,300. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Pontiac is up 11.2%.
Average Age of Homes
- The median age of Pontiac real estate is 60 years old
The Rental Market in Pontiac
- Renters make up 46.7% of the Pontiac population
- 4.3% of houses and apartments in Pontiac, 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.