The housing market in 48834 Fenwick, MI is strong and very close to the national average. The median value of housing in this area is $173,400 which is much lower than the US house median value of $338,100. However, the one year house appreciation rate in 48834 Fenwick, MI is 8.98%, which is only slightly higher than the US one year house appreciation rate of 8.27%. This indicates that the housing market in this area has kept up with shifts in real estate trends and continues to be a good investment for those looking to buy or sell properties.
The median home cost in Fenwick (zip 48834) is $173,400. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Fenwick (zip 48834) is up 12.2%.
Average Age of Homes
- The median age of Fenwick (zip 48834) real estate is 38 years old
The Rental Market in Fenwick (zip 48834)
- Renters make up 12.5% of the Fenwick (zip 48834) population
- 0.9% of houses and apartments in Fenwick (zip 48834), 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.