The housing market in Bessemer, MI (49911) is performing well, with a median house value of $88,100. This is considerably lower than the US median house value of $338,100. However, what's even more impressive is the 1-year appreciation rate for Bessemer homes – 12.24%. This is higher than the US 1 year appreciation rate of 8.27%, demonstrating that the housing market in Bessemer has been growing at a faster rate than the rest of the country. With this performance and a median house value lower than most other areas in the US, Bessemer is an attractive option for those looking to purchase a home.
The median home cost in Bessemer (zip 49911) is $88,100. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Bessemer (zip 49911) is up 18.2%.
Average Age of Homes
- The median age of Bessemer (zip 49911) real estate is 65 years old
The Rental Market in Bessemer (zip 49911)
- Renters make up 17.6% of the Bessemer (zip 49911) population
- 1.8% of houses and apartments in Bessemer (zip 49911), 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.