Interlochen, Michigan is a lovely and desirable place to own a home. According to the data provided, the median value of housing in Interlochen is $274,900 - slightly lower than the U.S. house median value of $338,100. Despite this difference in value, over the past year homes in Interlochen have appreciated at a greater rate (15.49%) than the national average (8.27%). This high rate of appreciation makes Interlochen an attractive option for those looking to invest in real estate. With its beautiful scenery and close proximity to Traverse City and other Michigan attractions, buyers can be sure that their investment will continue to grow in value over time.
The median home cost in Interlochen (zip 49643) is $274,900. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Interlochen (zip 49643) is up 19.8%.
Average Age of Homes
- The median age of Interlochen (zip 49643) real estate is 25 years old
The Rental Market in Interlochen (zip 49643)
- Renters make up 10.0% of the Interlochen (zip 49643) population
- 2.8% of houses and apartments in Interlochen (zip 49643), 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.