The housing market in 49508 Kentwood, MI is currently quite strong. According to recent data, the median home value in the area is $269,900, which is significantly lower than the US median of $338,100. However, this does not reflect the appreciation that has been seen in the past year. The US housing market had an 8.27% increase in value over the last year, but Kentwood saw an 11.49% appreciation rate for homes. This shows a larger than average appreciation rate and makes it clear that now is a great time to invest in real estate in 49508 Kentwood, MI.
The median home cost in Kentwood (zip 49508) is $269,900. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Kentwood (zip 49508) is up 15.2%.
Average Age of Homes
- The median age of Kentwood (zip 49508) real estate is 41 years old
The Rental Market in Kentwood (zip 49508)
- Renters make up 39.2% of the Kentwood (zip 49508) population
- 0.9% of houses and apartments in Kentwood (zip 49508), 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.