The housing market in 48472 Snover, MI is slightly below the national average. The median value for housing in the area is $151,000, which is significantly lower than the US House Median Value of $338,100. Furthermore, while the US saw an appreciation rate of 8.27% in the last year, the appreciation rate in Snover was 6.41%, indicating a slightly slower growth than the nation as a whole. Despite these slight differences, however, Snover is still a good place to invest in residential real estate due to its affordable prices and potential for long-term appreciation.
The median home cost in Snover (zip 48472) is $151,000. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Snover (zip 48472) is up 12.8%.
Average Age of Homes
- The median age of Snover (zip 48472) real estate is 54 years old
The Rental Market in Snover (zip 48472)
- Renters make up 10.7% of the Snover (zip 48472) population
- 0.8% of houses and apartments in Snover (zip 48472), 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.