Ravenna Township, MI is an attractive destination for those looking to buy a home. The median value of the houses in Ravenna Township is $265,500 which is less than the US median value of $338,100. However, the one-year house appreciation rate in Ravenna Township is 13.62%, which is higher than the US one-year house appreciation rate of 8.27%. This could be a sign that there are great opportunities for property investors in this area. Overall, Ravenna Township seems to be an ideal choice for anyone looking to buy or invest in a home.
The median home cost in Ravenna township is $265,500. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Ravenna township is up 16.5%.
Average Age of Homes
- The median age of Ravenna township real estate is 42 years old
The Rental Market in Ravenna township
- Renters make up 13.1% of the Ravenna township population
- 1.4% of houses and apartments in Ravenna township, 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.