The housing market in New Era, MI (49446) is thriving. According to the data given, the median value of a house in this area is $193,900 - significantly lower than the US House Median Value of $338,100. However, this doesn't necessarily mean that it's a bad investment. In fact, over the course of one year the US House Appreciation was 8.27%, while the house appreciation in New Era was 13.62%! This means that those who invest in New Era real estate will likely see their homes appreciate in value at a higher rate than other areas of the country. Investing in New Era could be a great opportunity for those looking to get into the housing market or take advantage of appreciation rates.
The median home cost in New Era (zip 49446) is $193,900. Home appreciation the last 10 years has been 124.7%. Home Appreciation in New Era (zip 49446) is up 16.5%.
Average Age of Homes
- The median age of New Era (zip 49446) real estate is 43 years old
The Rental Market in New Era (zip 49446)
- Renters make up 7.1% of the New Era (zip 49446) population
- 0.0% of houses and apartments in New Era (zip 49446), 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.