Tobacco, MI is an area with great potential when it comes to housing. The median value of the homes in Tobacco, MI is $216,200 - far below the US average median house value of $338,100. However, this makes it a great investment opportunity as the 1 year house appreciation rate in Tobacco, MI has been found to be 9.86%, higher than the US average of 8.27%. This trend suggests that it would be wise for potential homeowners to consider investing in real estate in Tobacco, MI as it is likely to increase in value over time.
The median home cost in Tobacco is $216,200. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Tobacco is up 15.7%.
Average Age of Homes
- The median age of Tobacco real estate is 36 years old
The Rental Market in Tobacco
- Renters make up 6.0% of the Tobacco population
- 0.0% of houses and apartments in Tobacco, 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.