Putnam, MI is a great place to invest in real estate. The housing median value is slightly higher than the US house median value at $367,700 compared to $338,100 respectively. Additionally, the 1 year house appreciation rate has been 8.47% in Putnam, MI as compared to 8.27% nationally. These figures indicate that investing in Putnam real estate could be a smart move and lead to increases in home value over time.
The median home cost in Putnam is $367,700. Home appreciation the last 10 years has been 109.7%. Home Appreciation in Putnam is up 13.1%.
Average Age of Homes
- The median age of Putnam real estate is 39 years old
The Rental Market in Putnam
- Renters make up 16.8% of the Putnam population
- 0.4% of houses and apartments in Putnam, 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.