Stephenson, MI Housing

The housing market in Stephenson, MI is showing impressive growth compared with the national average. The median value of homes in the area stands at $138,500, while the US House Median Value is $338,100. Furthermore, the appreciation rate of houses here is 12.90%, much higher than the US 1 year House Appreciation rate of 8.27%. This indicates that there are many attractive opportunities for buyers to invest in real estate here and benefit from potential long-term gains.

The median home cost in Stephenson is $138,500. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Stephenson is up 23.1%.

Average Age of Homes

- The median age of Stephenson real estate is 51 years old

The Rental Market in Stephenson

- Renters make up 19.9% of the Stephenson population
- 1.4% of houses and apartments in Stephenson, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Stephenson, Michigan	United States
	432.0	139,647,020.0
	56	42
	$138,500	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$11.67	$10.98
	$1,152	$2,690
	54.2%	57.4%
	17.4%	11.2%
	28.5%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	1.4%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	13.9%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	1.3%	2.4%
	19.2%	2.8%
	25.6%	3.9%
	15.4%	4.5%
	16.7%	11.3%
	7.7%	13.0%
	12.4%	20.1%
	0.9%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.3%	13.6%
	6.3%	13.6%
	5.6%	13.6%
	10.6%	13.2%
	22.0%	14.8%
	5.6%	13.6%
	22.7%	10.0%
	9.0%	4.7%
	13.9%	12.2%