Schoolcraft, MI is a small town located in Kalamazoo County with a population of 1,231. The housing median value in Schoolcraft is $271,200, which is significantly lower than the US House Median Value of $338,100. Despite this discrepancy, the 1 year House Appreciation rate in Schoolcraft is 10.54%, which is higher than the national average of 8.27%. This indicates that people are investing more into their homes in Schoolcraft than most other areas and suggests that it may be an attractive place for potential homeowners.
The median home cost in Schoolcraft (zip 49087) is $271,200. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Schoolcraft (zip 49087) is up 14.9%.
Average Age of Homes
- The median age of Schoolcraft (zip 49087) real estate is 38 years old
The Rental Market in Schoolcraft (zip 49087)
- Renters make up 14.7% of the Schoolcraft (zip 49087) population
- 0.3% of houses and apartments in Schoolcraft (zip 49087), 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.