The housing market in Republic, MI is thriving with a median value of $120,900. This is significantly lower than the US house median value of $338,100. However, the one-year house appreciation rate in Republic is 12.90%, which is higher than the US average of 8.27%. This suggests that homes in Republic are increasing in value more quickly than other parts of the country. Thus, it may be a wise investment to buy into the Republic housing market and enjoy the financial rewards associated with its growth.
The median home cost in Republic is $120,900. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Republic is up 23.1%.
Average Age of Homes
- The median age of Republic real estate is 60 years old
The Rental Market in Republic
- Renters make up 24.1% of the Republic population
- 5.2% of houses and apartments in Republic, 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.