The housing market in 49802 Kingsford, MI has experienced significant growth in the past year. The median value of a house in this area is $114,100, which is considerably lower than the national house median value of $338,100. However, the one-year house appreciation rate in this area is 12.90%, far higher than the US average of 8.27%. This indicates that local housing prices have been increasing at a much faster pace than elsewhere in the country over the last year. Given these trends, it looks like Kingsford is an attractive place for those looking to invest in the housing market or purchase a home.
The median home cost in Kingsford (zip 49802) is $114,100. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Kingsford (zip 49802) is up 23.1%.
Average Age of Homes
- The median age of Kingsford (zip 49802) real estate is 57 years old
The Rental Market in Kingsford (zip 49802)
- Renters make up 20.4% of the Kingsford (zip 49802) population
- 2.8% of houses and apartments in Kingsford (zip 49802), 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.