Housing in Presque Isle, MI is a great investment right now. The median value of a house in this city is $220,000, which is significantly lower than the US median value of $338,100. Additionally, the 1-year appreciation rate for housing in Presque Isle is 16.52%, compared to the national rate of 8.27%. This suggests that homes in Presque Isle are increasing in value at a faster rate than homes elsewhere in the country. Therefore, if you're looking to purchase real estate or invest in housing, now could be a great time to do so in Presque Isle.
The median home cost in Presque Isle is $220,000. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Presque Isle is up 21.4%.
Average Age of Homes
- The median age of Presque Isle real estate is 40 years old
The Rental Market in Presque Isle
- Renters make up 2.3% of the Presque Isle population
- 0.4% of houses and apartments in Presque Isle, 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.