The housing market in Prescott, MI is very attractive. The median value of a home in the area is $72,500, which is significantly lower than the national median value of $338,100. Over the past year, house appreciation has been strong in Prescott at 9.81%, higher than the 8.27% appreciation seen nationally. Prescott is a great place for those looking to purchase a home and get into a good real estate investment.
The median home cost in Prescott is $72,500. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Prescott is up 14.8%.
Average Age of Homes
- The median age of Prescott real estate is 39 years old
The Rental Market in Prescott
- Renters make up 5.2% of the Prescott population
- 0.0% of houses and apartments in Prescott, 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.