The housing market in Muskegon, MI (49440) is very strong. The median value of homes here is $249,200, which is significantly lower than the US median value of $338,100. However, the one-year appreciation rate in Muskegon is 13.62%, which is 5.35% higher than the overall US 1 year house appreciation rate of 8.27%. This indicates that home values are rising quickly in Muskegon and that now may be an opportune time to invest in real estate in this area.
The median home cost in Muskegon (zip 49440) is $249,200. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Muskegon (zip 49440) is up 16.5%.
Average Age of Homes
- The median age of Muskegon (zip 49440) real estate is 72 years old
The Rental Market in Muskegon (zip 49440)
- Renters make up 69.0% of the Muskegon (zip 49440) population
- 7.6% of houses and apartments in Muskegon (zip 49440), 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.