Portsmouth charter, MI Housing

The housing market in Portsmouth charter township, MI is thriving. The median value of a house in the area is $149,400, which is much lower than the US house median value of $338,100. Despite this discrepancy, the 1 year house appreciation rate is 9.81%, higher than the US average of 8.27%. This indicates that investing in housing in this area could prove to be a lucrative endeavor.

The median home cost in Portsmouth charter is $149,400. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Portsmouth charter is up 14.8%.

Average Age of Homes

- The median age of Portsmouth charter real estate is 54 years old

The Rental Market in Portsmouth charter

- Renters make up 3.0% of the Portsmouth charter population
- 0.0% of houses and apartments in Portsmouth charter, 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	Portsmouth charter, Michigan	United States
	1,370.0	139,647,020.0
	56	42
	$149,400	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$16.34	$10.98
	$2,066	$2,690
	82.3%	57.4%
	6.4%	11.2%
	11.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	2.5%	0.4%
	0.0%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	5.7%	2.4%
	2.7%	2.8%
	7.7%	3.9%
	17.6%	4.5%
	25.0%	11.3%
	28.7%	13.0%
	7.7%	20.1%
	2.0%	13.6%
	0.0%	8.3%
	1.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.1%	13.6%
	6.1%	13.6%
	7.6%	13.6%
	5.5%	13.2%
	21.6%	14.8%
	7.6%	13.6%
	17.2%	10.0%
	9.4%	4.7%
	17.2%	12.2%

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