The housing market in Westphalia Township, MI is thriving. The median value of a house in the township is $298,400, which is slightly lower than the U.S. median value of $338,100. However, the one-year appreciation rate for houses in Westphalia Township stands at 8.98%, significantly higher than the national average of 8.27%. This shows that there are good opportunities for investing in the local real estate market and offers potential homeowners an opportunity to purchase their own home at a competitive price.
The median home cost in Westphalia township is $298,400. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Westphalia township is up 12.2%.
Average Age of Homes
- The median age of Westphalia township real estate is 45 years old
The Rental Market in Westphalia township
- Renters make up 13.4% of the Westphalia township population
- 0.0% of houses and apartments in Westphalia township, 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.