The housing market in Resort, MI is notably strong compared to the average across the nation. The median value of a house in Resort, MI is $447,400, which is about 33% higher than the national median of $338,100. Furthermore, while the US House Appreciation rate over 1 year was 8.27%, it was 16.52% in Resort, MI - indicating that people living here have seen greater value increase on their homes over the past year. This shows that investing in real estate in Resort, MI can be a lucrative endeavor and people living there may reap more benefits from their houses than those living elsewhere in the US.
The median home cost in Resort is $447,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Resort is up 21.4%.
Average Age of Homes
- The median age of Resort real estate is 31 years old
The Rental Market in Resort
- Renters make up 6.4% of the Resort population
- 0.0% of houses and apartments in Resort, 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.