The housing market in Pellston, MI has been thriving recently. According to the data, the median value of houses in Pellston is $167,900 and the US median is $338,100. In the past year, the house appreciation rate in Pellston was 16.52%, which is more than double the national average of 8.27%. This shows that there is a significant amount of demand for homes in this area and its value is steadily rising. It seems like an ideal place to invest in housing right now since prices are still relatively low and appreciation rates are high.
The median home cost in Pellston (zip 49769) is $167,900. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Pellston (zip 49769) is up 21.4%.
Average Age of Homes
- The median age of Pellston (zip 49769) real estate is 39 years old
The Rental Market in Pellston (zip 49769)
- Renters make up 20.0% of the Pellston (zip 49769) population
- 1.0% of houses and apartments in Pellston (zip 49769), 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.