Boon, MI

Boon is a city in the state of michigan with a population of roughly 773. It is in Wexford County, Michigan the Cadillac, MI core-based statistical areas (CBSA), Its Zip codes include 49618 .

Trends in Home Prices in Boon, Michigan

Boon is a small town in the Upper Peninsula of Michigan with a population of just over 1,000 people. The town is located on the eastern shore of Lake Superior and is surrounded by forest and lakes. Boon has a rich history dating back to the 1800s when it was first settled by French-Canadian fur traders. Today, Boon is an agricultural community that relies heavily on its fishing and tourism industries.

Real estate in Boon is dominated by small, family-owned farms and ranches. There are few large commercial properties in the town, and most housing consists of single-family homes or duplexes. The median price for residential property in Boon was $139,900 in 2016.

The real estate market in Boon has been slow to recover from the recessionary period that began in 2007. In 2016, there were only six sales recorded within the town limits – half of what was typical for this time of year. However, there are signs that things may be starting to pick up again; two homes were sold during the first three months of 2017 compared to none during the same period last year.

One reason why real estate prices have been slow to rebound in Boon may be due to limited inventory; as of early 2017, there were only 36 active listings within the town limits compared to around 100 at this time last year. Additionally, many homeowners who lost their homes during the recession are still unable or unwilling to sell their properties at current prices. This lack of available housing could lead to increased demand as more people move into Boon over time – but it will likely take some time for prices to increase significantly given current market conditions

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