The housing market in Cornell, Michigan (49818) is thriving compared to the national average. The median value of homes in Cornell is $151,000, which is significantly lower than the US median value of $338,100. However, over the past year, housing appreciation in Cornell has been much higher than the nation as a whole – 12.90% compared to 8.27%. This trend suggests that prices will continue to increase in this area for the foreseeable future. In addition, there are plenty of amenities available for residents such as parks, shops and restaurants nearby – making it an attractive option for those looking to purchase real estate.
The median home cost in Cornell (zip 49818) is $151,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Cornell (zip 49818) is up 23.1%.
Average Age of Homes
- The median age of Cornell (zip 49818) real estate is 44 years old
The Rental Market in Cornell (zip 49818)
- Renters make up 1.6% of the Cornell (zip 49818) population
- 0.0% of houses and apartments in Cornell (zip 49818), 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.