The housing market in 49626 Eastlake, MI is growing in value and appreciation. The median value of houses in this area is currently $114,800, which is much lower than the US house median value of $338,100. However, the 1 year house appreciation rate for this area is 15.49%, significantly higher than the US 1 year house appreciation rate of 8.27%. This suggests that property values in 49626 Eastlake are increasing at a faster rate than the nation as a whole. Therefore, this area could be an attractive option for potential homeowners looking to invest in real estate.
The median home cost in Eastlake (zip 49626) is $114,800. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Eastlake (zip 49626) is up 19.8%.
Average Age of Homes
- The median age of Eastlake (zip 49626) real estate is 55 years old
The Rental Market in Eastlake (zip 49626)
- Renters make up 11.3% of the Eastlake (zip 49626) population
- 7.0% of houses and apartments in Eastlake (zip 49626), 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.