The housing market in 49744 Herron, MI is very strong, with the median value of homes at $157,400, which is significantly lower than the US median house value of $338,100. The US has seen an 8.27% appreciation of home values over the last year, but 49744 Herron, MI has seen an even greater appreciation of 16.52%, a difference of 8.25%. This high level of appreciation means that buyers and sellers in the area can benefit from fast-rising prices and plentiful opportunities for investment. It demonstrates that the housing market in this part of Michigan is very vibrant and attractive to those looking to buy or sell a home.
The median home cost in Herron (zip 49744) is $157,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Herron (zip 49744) is up 21.4%.
Average Age of Homes
- The median age of Herron (zip 49744) real estate is 48 years old
The Rental Market in Herron (zip 49744)
- Renters make up 8.9% of the Herron (zip 49744) population
- 0.0% of houses and apartments in Herron (zip 49744), 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.