Housing in 49745 Hessel, MI is significantly more affordable than the US median value, but still offers great value for home buyers as the one-year appreciation rate is much higher than the national average. The median housing value in 49745 Hessel, MI is $158,400 while the US median house value is $338,100 and the 1-year house appreciation rate for this area is 16.52%, which is 8.25% higher than the national average of 8.27%. This makes purchasing a home in this area a great investment due to its relatively low cost and high potential for growth.
The median home cost in Hessel (zip 49745) is $158,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Hessel (zip 49745) is up 21.4%.
Average Age of Homes
- The median age of Hessel (zip 49745) real estate is 40 years old
The Rental Market in Hessel (zip 49745)
- Renters make up 7.3% of the Hessel (zip 49745) population
- 0.0% of houses and apartments in Hessel (zip 49745), 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.