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 $364,891 in September, 0.0% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 16, the 30-year fixed mortgage rate sits at 6.27%.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: $195,025
- 1-year price change: +2.0%
- 5-year price change: +43.1%
#3. Hope, MI
- Typical home value: $210,531
- 1-year price change: +0.3%
- 5-year price change: +22.2%
#2. Sanford, MI
- Typical home value: $212,821
- 1-year price change: +1.8%
- 5-year price change: +34.2%
#1. Midland, MI
- Typical home value: $249,782
- 1-year price change: +2.5%
- 5-year price change: +38.8%