Housing in 54201 Algoma, WI is highly valued; the median value is $199,700, which is significantly lower than the US median value of $338,100. Despite this difference, housing in 54201 Algoma has seen a much higher appreciation rate over the past year at 14.94%, compared to the national average of 8.27%. This indicates that real estate in 54201 Algoma is rising in value at a faster rate than most other areas of the country. In addition, its low median value makes it an attractive option for people looking to buy or invest in real estate.
The median home cost in Algoma (zip 54201) is $199,700. Home appreciation the last 10 years has been 77.5%. Home Appreciation in Algoma (zip 54201) is up 25.6%.
Average Age of Homes
- The median age of Algoma (zip 54201) real estate is 57 years old
The Rental Market in Algoma (zip 54201)
- Renters make up 19.9% of the Algoma (zip 54201) population
- 1.9% of houses and apartments in Algoma (zip 54201), 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.