Zip 49894 (Wells, MI) Housing

Wells, Michigan has a housing median value of $136,500, which is significantly lower than the US house median value of $338,100. However, the appreciation rate of homes in Wells has been much stronger than the national average over the past year at 12.90%, compared with 8.27%. Therefore, Wells offers an attractive investment opportunity for those looking to purchase their own home or make an investment in real estate.

The median home cost in Wells (zip 49894) is $136,500. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Wells (zip 49894) is up 23.1%.

Average Age of Homes

- The median age of Wells (zip 49894) real estate is 57 years old

The Rental Market in Wells (zip 49894)

- Renters make up 6.0% of the Wells (zip 49894) population
- 0.0% of houses and apartments in Wells (zip 49894), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Wells, Michigan	United States
	312.0	139,647,020.0
	60	42
	$136,500	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$13.07	$10.98
	$1,247	$2,690
	100.0%	57.4%
	0.0%	11.2%
	0.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	4.8%	2.8%
	8.3%	3.9%
	30.8%	4.5%
	38.8%	11.3%
	17.3%	13.0%
	0.0%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.0%	13.6%
	0.0%	13.6%
	0.0%	13.6%
	4.8%	13.2%
	22.1%	14.8%
	0.0%	13.6%
	27.2%	10.0%
	17.6%	4.7%
	2.9%	12.2%

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