The housing market in Spring Arbor, MI (zip code 49283) is performing well. The median value of homes in the area stands at $244,000, which is significantly less than the US median value of $338,100. However, the 1 year house appreciation rate is higher in Spring Arbor than it is for the entire United States, coming in at 9.09% compared to 8.27%. This indicates that housing prices are increasing faster in Spring Arbor than across the nation as a whole, making this an attractive area for potential homebuyers looking to invest their money into real estate.
The median home cost in Spring Arbor (zip 49283) is $244,000. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Spring Arbor (zip 49283) is up 16.2%.
Average Age of Homes
- The median age of Spring Arbor (zip 49283) real estate is 45 years old
The Rental Market in Spring Arbor (zip 49283)
- Renters make up 20.9% of the Spring Arbor (zip 49283) population
- 0.0% of houses and apartments in Spring Arbor (zip 49283), 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.