The housing market in Michigan City-La Porte, IN Metro Area is performing well compared to the national average. The median value of a house in this area is $211,400, which is significantly lower than the national median value of $338,100. Over the past year, house appreciation in Michigan City-La Porte has been 12.85%, while it was only 8.27% for the United States as a whole. This indicates that homes in Michigan City-La Porte are increasing in value faster than other parts of the country. The combination of low housing median values and high appreciation rates make this a great place to invest in real estate and enjoy an excellent quality of life.
The median home cost in Michigan City-La Porte Metro Area is $211,400. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Michigan City-La Porte Metro Area is up 14.2%.
Average Age of Homes
- The median age of Michigan City-La Porte Metro Area real estate is 51 years old
The Rental Market in Michigan City-La Porte Metro Area
- Renters make up 25.3% of the Michigan City-La Porte Metro Area population
- 1.1% of houses and apartments in Michigan City-La Porte Metro Area, 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.