The housing market in Ravenna, MI is doing very well compared to the US average. The median value of a home in Ravenna is $241,400 which is much lower than the US median value of $338,100. Additionally, the one year appreciation rate for homes in Ravenna is 13.62%, which is significantly higher than the US average of 8.27%. This means that homeowners in Ravenna are seeing significant increases in the value of their properties and it’s a great time to buy or invest in real estate here.
The median home cost in Ravenna is $241,400. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Ravenna is up 16.5%.
Average Age of Homes
- The median age of Ravenna real estate is 45 years old
The Rental Market in Ravenna
- Renters make up 19.6% of the Ravenna population
- 0.0% of houses and apartments in Ravenna, 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.