The housing market in 47616 Griffin, IN is booming. The current median value of homes in this area is $101,800, which is significantly lower than the U.S. median value of $338,100. This makes it an attractive option for home buyers looking to get a great deal on their property purchase. Additionally, the one-year house appreciation rate in this area is 16.17%, much higher than the U.S. average of 8.27%. This makes it an even more attractive investment opportunity for those looking to buy or sell a house soon and capitalize on the appreciation rate in this area.
The median home cost in Griffin (zip 47616) is $101,800. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Griffin (zip 47616) is up 16.1%.
Average Age of Homes
- The median age of Griffin (zip 47616) real estate is 67 years old
The Rental Market in Griffin (zip 47616)
- Renters make up 4.9% of the Griffin (zip 47616) population
- 0.0% of houses and apartments in Griffin (zip 47616), 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.