Grass Lake, Michigan is a small town with a population of just over 1,000 people. The housing median value in Grass Lake is $291,500, which is lower than the US house median value of $338,100. On the other hand, the one year house appreciation in Grass Lake is an impressive 9.09%, higher than the US average of 8.27%. This suggests that Grass Lake’s housing market is growing quite quickly and may be attractive to potential buyers or investors. With its low housing prices and strong appreciation rate, investing or living in Grass Lake can be a great opportunity for anyone looking to take advantage of the local real estate market.
The median home cost in Grass Lake (zip 49240) is $291,500. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Grass Lake (zip 49240) is up 16.2%.
Average Age of Homes
- The median age of Grass Lake (zip 49240) real estate is 34 years old
The Rental Market in Grass Lake (zip 49240)
- Renters make up 12.3% of the Grass Lake (zip 49240) population
- 0.2% of houses and apartments in Grass Lake (zip 49240), 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.