Skandia, MI is an attractive place to buy a home with its median value of $180,500. This is significantly lower than the US median house value, which stands at $338,100. Additionally, Skandia's housing appreciation rate over the last year was 12.90%, higher than the US average of 8.27%. This makes buying a house in Skandia a great long-term investment that will appreciate in value over time and yield great returns for any buyer.
The median home cost in Skandia (zip 49885) is $180,500. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Skandia (zip 49885) is up 23.1%.
Average Age of Homes
- The median age of Skandia (zip 49885) real estate is 45 years old
The Rental Market in Skandia (zip 49885)
- Renters make up 6.8% of the Skandia (zip 49885) population
- 1.6% of houses and apartments in Skandia (zip 49885), 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.