The housing market in Frankenmuth, Michigan (48734) is in an excellent position. The median value of homes in the area is $288,500, which is much lower than the US median value of $338,100. This means that buyers in Frankenmuth are paying less for their homes when compared to other areas in America. In terms of appreciation over the last year, home values have increased by 9.81% - higher than the national average of 8.27%. This indicates that investing in a house within this region could be wise decision as it may appreciate faster than other markets across the country.
The median home cost in Frankenmuth (zip 48734) is $288,500. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Frankenmuth (zip 48734) is up 14.8%.
Average Age of Homes
- The median age of Frankenmuth (zip 48734) real estate is 43 years old
The Rental Market in Frankenmuth (zip 48734)
- Renters make up 22.7% of the Frankenmuth (zip 48734) population
- 1.3% of houses and apartments in Frankenmuth (zip 48734), 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.