Housing in Elberta, MI (49628) is quite a bit more affordable than the national rate. The median value of homes in Elberta is $222,400, which is far less than the US House Median Value of $338,100. In addition, the 1 year appreciation rate for homes in Elberta is 15.49%, which is higher than the US rate of 8.27%. This makes it a great time to purchase property in the area as home prices continue to increase at a rapid pace. Overall Elberta provides affordable housing with an opportunity for strong returns on investment and making it an attractive option for potential buyers.
The median home cost in Elberta (zip 49628) is $222,400. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Elberta (zip 49628) is up 19.8%.
Average Age of Homes
- The median age of Elberta (zip 49628) real estate is 70 years old
The Rental Market in Elberta (zip 49628)
- Renters make up 10.9% of the Elberta (zip 49628) population
- 1.0% of houses and apartments in Elberta (zip 49628), 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.