The housing market in 48647 Mio, MI is certainly thriving compared to the national average. The median value of houses in Mio, MI is $106,800, significantly lower than the US house median value of $338,100. However, despite the lower cost of housing in Mio, MI, the one year house appreciation rate is 9.86%, higher than the US national average of 8.27%. This indicates that housing in this area is still a great investment opportunity and could be a lucrative option for those looking to purchase or invest in real estate.
The median home cost in Mio (zip 48647) is $106,800. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Mio (zip 48647) is up 15.7%.
Average Age of Homes
- The median age of Mio (zip 48647) real estate is 47 years old
The Rental Market in Mio (zip 48647)
- Renters make up 8.6% of the Mio (zip 48647) population
- 0.4% of houses and apartments in Mio (zip 48647), 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.