The housing market in Riga, MI is quite strong compared to the US as a whole. According to recent data, the median value of homes in Riga is $211,800, which is lower than the US house median value of $338,100. However, the 1 year house appreciation rate is higher in Riga than it is across the United States at 9.09%, compared to 8.27%. This suggests that home prices are increasing faster in Riga than they are nationally and that it may be a good time for local residents to consider investing in real estate.
The median home cost in Riga is $211,800. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Riga is up 16.2%.
Average Age of Homes
- The median age of Riga real estate is 78 years old
The Rental Market in Riga
- Renters make up 17.6% of the Riga population
- 0.0% of houses and apartments in Riga, 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.