Cities with the most expensive homes in the Midland, Michigan metro area
Cities with the most expensive homes in the Midland, Michigan metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Midland, Michigan metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.
#4. Coleman, MI
- Typical home value: $170,320
- 1-year price change: +5.3%
- 5-year price change: +48.9%
#3. Hope, MI
- Typical home value: $195,100
- 1-year price change: +3.3%
- 5-year price change: +29.4%
#2. Sanford, MI
- Typical home value: $195,793
- 1-year price change: +5.8%
- 5-year price change: +37.7%
#1. Midland, MI
- Typical home value: $229,403
- 1-year price change: +5.1%
- 5-year price change: +43.7%