Carp Lake, MI (49718) is an area where the median housing value is significantly lower than the US average. At $168,400, it is nearly half of the median value for all of the United States ($338,100). However, this area has seen a much higher rate of appreciation in the past year; 16.52%, which is almost double that of the US average (8.27%). This demonstrates that Carp Lake's real estate market is growing at a much faster rate than other areas throughout the country and may be an attractive option for potential home buyers looking for a good investment opportunity.
The median home cost in Carp Lake (zip 49718) is $168,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Carp Lake (zip 49718) is up 21.4%.
Average Age of Homes
- The median age of Carp Lake (zip 49718) real estate is 41 years old
The Rental Market in Carp Lake (zip 49718)
- Renters make up 4.3% of the Carp Lake (zip 49718) population
- 0.8% of houses and apartments in Carp Lake (zip 49718), 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.