The housing market in 49738 Grayling, MI is thriving. The median value of homes in this area is $147,200, which is significantly lower than the national median value of $338,100. However, year-on-year appreciation of homes in Grayling has been much higher than the national average at 16.52%, compared to 8.27%. This suggests that more people are investing in property in Grayling and house prices are rising faster than the rest of the country. The combination of an affordable median housing price and a high rate of appreciation make the housing market in Grayling an attractive option for buyers and investors alike.
The median home cost in Grayling (zip 49738) is $147,200. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Grayling (zip 49738) is up 21.4%.
Average Age of Homes
- The median age of Grayling (zip 49738) real estate is 40 years old
The Rental Market in Grayling (zip 49738)
- Renters make up 11.0% of the Grayling (zip 49738) population
- 0.8% of houses and apartments in Grayling (zip 49738), 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.