The housing market in 48453 Marlette, MI is quite healthy. The median value of houses in the area is $151,900, which is significantly less than the US median house value of $338,100. In the past year, the appreciation rate for the US was 8.27%, while in Marlette it was 6.41%. This shows that while homes are increasing in value at a steady rate, they are not growing as fast as other areas of the US. However, for those looking to buy a home in this area, it should provide a good investment opportunity with reasonable prices and solid growth potential.
The median home cost in Marlette (zip 48453) is $151,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Marlette (zip 48453) is up 12.8%.
Average Age of Homes
- The median age of Marlette (zip 48453) real estate is 46 years old
The Rental Market in Marlette (zip 48453)
- Renters make up 20.8% of the Marlette (zip 48453) population
- 0.9% of houses and apartments in Marlette (zip 48453), 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.