Chesaning, MI (48616) has a median housing value of $161,900, which is considerably lower than the US average of $338,100. However, the one-year appreciation rate for housing in Chesaning is 9.86%, which is higher than the national average of 8.27%. This suggests that buying a home in Chesaning now might be an excellent long-term investment option for those who are looking to put down roots in this part of Michigan. Additionally, with a lower overall median housing value compared to the national average, buyers can get more bang for their buck when it comes to purchasing property in Chesaning.
The median home cost in Chesaning (zip 48616) is $161,900. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Chesaning (zip 48616) is up 15.7%.
Average Age of Homes
- The median age of Chesaning (zip 48616) real estate is 48 years old
The Rental Market in Chesaning (zip 48616)
- Renters make up 17.3% of the Chesaning (zip 48616) population
- 1.7% of houses and apartments in Chesaning (zip 48616), 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.