Housing in Algonac, MI (zip code 48001) is relatively affordable in comparison to the national average. According to data collected from the US Census Bureau, the median housing value in Algonac is $222,900 compared to the national median of $338,100. This represents a 34% difference between the two. Additionally, while nationwide home values appreciated 8.27% over the past year, housing appreciation in Algonac was slightly lower at 7.58%. Although slightly lower than the national level, this still represents an increase in housing values and makes Algonac an attractive place for potential homeowners looking for affordable homes.
The median home cost in Algonac (zip 48001) is $222,900. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Algonac (zip 48001) is up 10.8%.
Average Age of Homes
- The median age of Algonac (zip 48001) real estate is 46 years old
The Rental Market in Algonac (zip 48001)
- Renters make up 18.4% of the Algonac (zip 48001) population
- 0.5% of houses and apartments in Algonac (zip 48001), 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.