The housing market in Ransom, MI is currently thriving. The median value of homes in the area is $183,800, which is significantly lower than the US median house value of $338,100. In the last year, the appreciation rate for homes in Ransom was 9.09%, which was slightly higher than the national average of 8.27%. With a strong appreciation rate and relatively low prices compared to other places across the country, Ransom is an attractive place for those looking to invest in real estate or purchase a home.
The median home cost in Ransom is $183,800. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Ransom is up 16.2%.
Average Age of Homes
- The median age of Ransom real estate is 74 years old
The Rental Market in Ransom
- Renters make up 8.3% of the Ransom population
- 0.0% of houses and apartments in Ransom, 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.