Dowagiac, Michigan is a great place for those looking to purchase a house. The median value of homes in the 49047 zip code is $173,800, significantly lower than the US median value of $338,100. This makes Dowagiac an attractive option for those on a budget. Furthermore, housing appreciation in Dowagiac has been higher than the national average at 10.54% over the last year compared to 8.27% nationally. This gives buyers confidence that their investment will appreciate in value over time. Therefore, it appears that buying a home in Dowagiac seems like a very wise decision and could be financially beneficial in the long run.
The median home cost in Dowagiac (zip 49047) is $173,800. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Dowagiac (zip 49047) is up 14.9%.
Average Age of Homes
- The median age of Dowagiac (zip 49047) real estate is 53 years old
The Rental Market in Dowagiac (zip 49047)
- Renters make up 15.9% of the Dowagiac (zip 49047) population
- 1.3% of houses and apartments in Dowagiac (zip 49047), 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.