The housing market in 58259 Michigan City, ND is generally more affordable than the average US housing market. The median value of a home in this area is $125,700, which is significantly lower than the US median value of $338,100. Although house values have appreciated over the past year in both locations, it has been slower in Michigan City at 7.60% compared to 8.27% for the US as a whole. Overall, 58259 Michigan City appears to be an attractive option for those looking for more affordable housing options compared to other areas across the US.
The median home cost in Michigan City (zip 58259) is $125,700. Home appreciation the last 10 years has been 61.5%. Home Appreciation in Michigan City (zip 58259) is up 9.6%.
Average Age of Homes
- The median age of Michigan City (zip 58259) real estate is 65 years old
The Rental Market in Michigan City (zip 58259)
- Renters make up 8.0% of the Michigan City (zip 58259) population
- 2.6% of houses and apartments in Michigan City (zip 58259), 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.