The housing market in the Sturgis, MI Metro Area is an attractive option for those looking to invest. The median value of homes in the area is 178,500, much lower than the US median house value of 338,100. Despite this lower median value, home appreciation in the Sturgis Metro Area still remains positive, with a one-year appreciation rate of 6.41%. This compares favorably to the national average of 8.27%, meaning that people who invest in housing in Sturgis will likely see returns on their investment over time.
The median home cost in Sturgis Metro Area is $178,500. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Sturgis Metro Area is up 14.9%.
Average Age of Homes
- The median age of Sturgis Metro Area real estate is 47 years old
The Rental Market in Sturgis Metro Area
- Renters make up 20.2% of the Sturgis Metro Area population
- 1.2% of houses and apartments in Sturgis 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.