Niles Metro Area, MI Housing

The housing market in the Niles-Benton Harbor, MI Metro Area is on the rise. The median value for a house is $226,000, which is significantly lower than the national median of $338,100. Despite this difference in values, the one year appreciation rate for houses in this area is 10.76%, higher than the US average of 8.27%. This shows that there is a great potential for growth and investment in this area. With prices still relatively low compared to other parts of the country and an excellent appreciation rate, now could be an ideal time to invest in real estate in this region.

The median home cost in Niles Metro Area is $226,000. Home appreciation the last 10 years has been 87.4%. Home Appreciation in Niles Metro Area is up 17.6%.

Average Age of Homes

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

The Rental Market in Niles Metro Area

- Renters make up 22.0% of the Niles Metro Area population
- 1.1% of houses and apartments in Niles 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	Niles, Michigan	United States
	76,829.0	139,647,020.0
	54	42
	$226,000	$338,100
	17.6%	16.6%
	58.3%	57.0%
	87.4%	101.1%
	$12.32	$10.98
	$2,032	$2,690
	59.3%	57.4%
	17.5%	11.2%
	23.2%	31.4%
Vacant Housing
	1.1%	1.9%
	0.2%	0.4%
	0.9%	0.7%
	0.4%	0.4%
	10.5%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	3.4%	2.4%
	3.8%	2.8%
	7.0%	3.9%
	7.9%	4.5%
	17.9%	11.3%
	17.7%	13.0%
	19.7%	20.1%
	8.4%	13.6%
	3.4%	8.3%
	3.8%	9.7%
	1.7%	3.9%
	0.7%	2.2%
	0.2%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.7%	13.6%
	9.7%	13.6%
	10.7%	13.6%
	8.5%	13.2%
	13.8%	14.8%
	10.7%	13.6%
	16.5%	10.0%
	7.3%	4.7%
	16.8%	12.2%

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