The housing market in South Range, MI is a great place to invest in. The median value of a house in South Range, MI is $100,300 which is significantly lower than the US median house value of $338,100. Furthermore, the one-year appreciation of houses in South Range, MI is 12.24% which is greater than the US one-year house appreciation rate of 8.27%. Therefore investing in this area could prove to be highly lucrative for potential buyers as they are able to purchase a home at a relatively low cost and benefit from higher appreciation rates than many other parts of the country.
The median home cost in South Range is $100,300. Home appreciation the last 10 years has been 97.4%. Home Appreciation in South Range is up 18.2%.
Average Age of Homes
- The median age of South Range real estate is 78 years old
The Rental Market in South Range
- Renters make up 18.5% of the South Range population
- 3.9% of houses and apartments in South Range, 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.