The housing market in Venice, MI is doing quite well compared to the rest of the country. The median value of homes in Venice is $151,600, significantly lower than the national median value of $338,100. Despite this difference in median values, homes in Venice have still appreciated at a rate of 7.13% over the past year, slightly lower than the 8.27% appreciation rate seen nationwide. This indicates that home values are increasing steadily throughout the area and could be a great investment for potential homeowners.
The median home cost in Venice is $151,600. Home appreciation the last 10 years has been 111.8%. Home Appreciation in Venice is up 12.6%.
Average Age of Homes
- The median age of Venice real estate is 54 years old
The Rental Market in Venice
- Renters make up 11.5% of the Venice population
- 0.0% of houses and apartments in Venice, 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.