Ruth, MI

Ruth is a city in the state of michigan with a population of roughly 743. It is in Huron, Michigan Its Zip codes include 48470 .

Trends in Home Prices in Ruth, MI

Ruth is a small town in the Upper Peninsula of Michigan with a population of just over 2,000 people. It is located about an hour north of Traverse City and has a history dating back to the 1800s. Ruth is known for its natural resources, including its forests, lakes, and rivers. The town's economy is based largely on tourism and agriculture.

Real estate in Ruth is dominated by single-family homes and small apartment complexes. The average price for a single-family home in Ruth was $128,000 in 2016, which was lower than the statewide average of $158,500 but higher than the national average of $123,000. The vacancy rate for homes in Ruth was 1% in 2016.

Ruth's economy has been slowly recovering since the Great Recession ended in 2009. The unemployment rate was 3% as of May 2017, which was lower than the statewide unemployment rate of 4%. However, wages have not kept up with inflation rates over that time period and there has been an increase in poverty rates since 2010.

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