The housing market in Big Rapids, MI (49307) is doing quite well. According to recent data, the median value of houses in this area is $181,800 which is significantly lower than the US House Median Value of $338,100. Despite the dip in median values compared to nationwide statistics, Big Rapids has had an impressive 1 year house appreciation rate of 12.54%, almost 4% higher than the national average of 8.27%. This shows that the housing market in Big Rapids is thriving and should be considered a good investment for potential homeowners looking for a great deal on a new home.
The median home cost in Big Rapids (zip 49307) is $181,800. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Big Rapids (zip 49307) is up 16.2%.
Average Age of Homes
- The median age of Big Rapids (zip 49307) real estate is 39 years old
The Rental Market in Big Rapids (zip 49307)
- Renters make up 33.7% of the Big Rapids (zip 49307) population
- 3.3% of houses and apartments in Big Rapids (zip 49307), 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.