The housing market in Powers, MI (49874) is thriving with a median value of $193,500. This is significantly lower than the United States' median value of $338,100 but it also has a higher appreciation rate at 12.90%, compared to the United States' 8.27%. This means that homeowners in Powers are seeing a substantial increase in housing value over the last year and are likely to continue enjoying this success as long as trends remain positive. Furthermore, given its lower starting median value there is much more potential for growth in this market making it an attractive option for potential buyers and investors alike.
The median home cost in Powers (zip 49874) is $193,500. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Powers (zip 49874) is up 23.1%.
Average Age of Homes
- The median age of Powers (zip 49874) real estate is 41 years old
The Rental Market in Powers (zip 49874)
- Renters make up 19.9% of the Powers (zip 49874) population
- 1.7% of houses and apartments in Powers (zip 49874), 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.