The housing market in the Muskegon, MI Metro Area is thriving. The median value for a house is $203,900, which is significantly lower than the US house median value of $338,100. However, what makes this area particularly attractive is the higher 1-year house appreciation rate in Muskegon of 12.55%, which is well above the US 1-year appreciation rate of 8.27%. This spells good news for homeowners and potential buyers in Muskegon as it shows that the area has strong housing market fundamentals and will continue to appreciate over time.
The median home cost in Muskegon Metro Area is $203,900. Home appreciation the last 10 years has been 124.6%. Home Appreciation in Muskegon Metro Area is up 16.5%.
Average Age of Homes
- The median age of Muskegon Metro Area real estate is 51 years old
The Rental Market in Muskegon Metro Area
- Renters make up 22.4% of the Muskegon Metro Area population
- 1.4% of houses and apartments in Muskegon 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.