Westwood, MI is a great place for potential homebuyers. The median value of housing in the area is $174,000 which is significantly lower than the US median value of $338,100. Not only is the cost of housing more inexpensive than many other parts of the country, but it has also seen an increase in value with a 1-year appreciation rate of 10.54%. This is higher than the national rate at 8.27%. With such affordable prices and increasing values, Westwood, MI is an ideal location to purchase a house.
The median home cost in Westwood is $174,000. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Westwood is up 14.9%.
Average Age of Homes
- The median age of Westwood real estate is 49 years old
The Rental Market in Westwood
- Renters make up 43.3% of the Westwood population
- 2.1% of houses and apartments in Westwood, 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.