Escanaba Metro Area, MI Housing

The housing market in the Escanaba, MI Metro Area is quite affordable, with the median value coming in at $131,500. This is significantly lower than the US House Median Value of $338,100. Over the past year, the appreciation in home values has risen by 12.90%, higher than the national average of 8.27%. Thus, Escanaba is a great place to consider if you are looking to purchase a home at a reasonable price while still experiencing strong appreciation.

The median home cost in Escanaba Metro Area is $131,500. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Escanaba Metro Area is up 23.1%.

Average Age of Homes

- The median age of Escanaba Metro Area real estate is 51 years old

The Rental Market in Escanaba Metro Area

- Renters make up 16.6% of the Escanaba Metro Area population
- 0.6% of houses and apartments in Escanaba 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	Escanaba, Michigan	United States
	19,855.0	139,647,020.0
	54	42
	$131,500	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$13.07	$10.98
	$1,595	$2,690
	61.8%	57.4%
	21.0%	11.2%
	17.2%	31.4%
Vacant Housing
	0.6%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.1%	0.4%
	14.3%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	3.0%	2.6%
	4.1%	2.4%
	5.9%	2.8%
	10.8%	3.9%
	15.2%	4.5%
	22.2%	11.3%
	17.8%	13.0%
	15.6%	20.1%
	3.8%	13.6%
	1.0%	8.3%
	0.5%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.4%	13.6%
	8.4%	13.6%
	9.7%	13.6%
	10.2%	13.2%
	17.5%	14.8%
	9.7%	13.6%
	12.3%	10.0%
	6.0%	4.7%
	25.0%	12.2%

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