Adrian Metro Area, MI Housing

The housing market in Adrian, MI Metro Area is performing well compared to the rest of the United States. The median housing value in Adrian, MI Metro Area is $200,800 which is much lower than the US House Median Value of $338,100. Despite this difference in median value, both areas are experiencing similar appreciation with the US 1 year House Appreciation increasing by 8.27% and house 1 year appreciation in Adrian, MI Metro Area increasing by 8.47%. This shows that even though there's a difference in median prices between the two locations, their performance in terms of appreciation remains similar.

The median home cost in Adrian Metro Area is $200,800. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Adrian Metro Area is up 16.2%.

Average Age of Homes

- The median age of Adrian Metro Area real estate is 50 years old

The Rental Market in Adrian Metro Area

- Renters make up 19.8% of the Adrian Metro Area population
- 0.8% of houses and apartments in Adrian 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Adrian, Michigan	United States
	43,604.0	139,647,020.0
	52	42
	$200,800	$338,100
	16.2%	16.6%
	56.4%	57.0%
	106.2%	101.1%
	$14.52	$10.98
	$2,188	$2,690
	69.2%	57.4%
	11.3%	11.2%
	19.5%	31.4%
Vacant Housing
	0.8%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	5.4%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	3.6%	2.4%
	5.0%	2.8%
	6.4%	3.9%
	8.7%	4.5%
	22.2%	11.3%
	21.2%	13.0%
	19.8%	20.1%
	4.8%	13.6%
	2.4%	8.3%
	1.7%	9.7%
	0.3%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.3%	13.6%
	10.3%	13.6%
	15.5%	13.6%
	7.4%	13.2%
	13.6%	14.8%
	15.5%	13.6%
	12.1%	10.0%
	6.2%	4.7%
	23.5%	12.2%

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