Zip 49908 (Baraga, MI) Housing

The housing market in 49908 Baraga, MI is vibrant and thriving. The median value of a house in the area is $139,000; significantly lower than the US House Median Value of $338,100. This makes the 49908 Baraga, MI a more affordable option for potential homeowners looking to purchase a property. Moreover, the 1 year appreciation in housing prices for 49908 Baraga, MI is 12.24%, which is higher than the US House Appreciation rate of 8.27%. Consequently, investing in property in 49908 Baraga, MI could be an excellent long-term investment opportunity.

The median home cost in Baraga (zip 49908) is $139,000. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Baraga (zip 49908) is up 18.2%.

Average Age of Homes

- The median age of Baraga (zip 49908) real estate is 43 years old

The Rental Market in Baraga (zip 49908)

- Renters make up 19.0% of the Baraga (zip 49908) population
- 0.6% of houses and apartments in Baraga (zip 49908), 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	Baraga, Michigan	United States
	1,259.0	139,647,020.0
	47	42
	$139,000	$338,100
	18.2%	16.6%
	63.2%	57.0%
	97.4%	101.1%
	$14.49	$10.98
	$1,597	$2,690
	55.8%	57.4%
	20.1%	11.2%
	24.1%	31.4%
Vacant Housing
	0.6%	1.9%
	0.8%	0.4%
	1.7%	0.7%
	0.0%	0.4%
	13.4%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	5.1%	2.4%
	10.0%	2.8%
	16.2%	3.9%
	7.8%	4.5%
	26.7%	11.3%
	9.5%	13.0%
	12.2%	20.1%
	2.4%	13.6%
	0.0%	8.3%
	5.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.6%	13.6%
	10.6%	13.6%
	16.6%	13.6%
	10.1%	13.2%
	17.6%	14.8%
	16.6%	13.6%
	9.1%	10.0%
	7.1%	4.7%
	20.1%	12.2%