The housing market in Petersburg, MI (zip code 49270) is a great place to invest in real estate. According to recent data, the median value of homes in this area is $250,600, compared to the US median house value of $338,100. The US has seen an appreciation rate of 8.27% over the past year for home values; however, the appreciation rate for homes in Petersburg, MI has been even higher at 9.09%. This suggests that investing in this area could potentially yield a higher return on investment than other areas across the country. With housing values that are below the national average and an above-average annual appreciation rate, Petersburg looks like an attractive option for potential home buyers or investors.
The median home cost in Petersburg (zip 49270) is $250,600. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Petersburg (zip 49270) is up 16.2%.
Average Age of Homes
- The median age of Petersburg (zip 49270) real estate is 47 years old
The Rental Market in Petersburg (zip 49270)
- Renters make up 13.9% of the Petersburg (zip 49270) population
- 0.0% of houses and apartments in Petersburg (zip 49270), 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.