The housing market in Wellington, MI is currently very strong. The median value of homes in the area is $141,100, which is much lower than the US median value of $338,100. Despite this low cost of housing, Wellington has still seen a strong one-year house appreciation rate of 16.52%, far above the national average of 8.27%. This makes investing in the area an attractive option for many people looking to get into the housing market or take advantage of its current strength. With prices at their current level and appreciation rates rising, Wellington looks to be a great choice for those looking for a solid return on investment.
The median home cost in Wellington is $141,100. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Wellington is up 21.4%.
Average Age of Homes
- The median age of Wellington real estate is 42 years old
The Rental Market in Wellington
- Renters make up 4.8% of the Wellington population
- 0.0% of houses and apartments in Wellington, 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.