menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Flint, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Flint, MI Housing Market Trends

With 79,854 people, 33,854 houses or apartments, and a median cost of homes of $64,655, house prices in Flint are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Flint, accounting for 79.82% of the city's housing units. Other types of housing that are prevalent in Flint include large apartment complexes or high rise apartments ( 8.80%), duplexes, homes converted to apartments or other small apartment buildings ( 5.21%), and a few row houses and other attached homes ( 4.38%).

The most prevalent building size and type in Flint are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.68% owning and 47.32% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Flint's housing was primarily built during this period, from the '40s through the '60s. A full 60.14% of the city's housing hails from this era. Other housing ages represented in Flint include homes built before 1939 ( 23.77%) and housing constructed between 1970-1999 ( 14.03%). There's also some housing in Flint built between 2000 and later ( 2.06%).

Vacant housing appears to be an issue in Flint. Fully 20.40% of the housing stock is classified as vacant. Left unchecked, vacant Flint homes and apartments can be a drag on the real estate market, holding Flint real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Flint Home Appreciation Rates

Appreciation rates for homes in Flint have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.87%, which ranks in the top 40% nationwide. This equates to an annual average Flint house appreciation rate of 6.73%.

NeighborhoodScout's data show that during the latest twelve months, Flint's appreciation rate, at 6.43%, has been at or slightly above the national average. In the latest quarter, Flint's appreciation rate has been 1.49%, which annualizes to a rate of 6.09%.

Relative to Michigan, our data show that Flint's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Flint differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Flint - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Flint real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$64,655

Flint, MI Home Prices
> $1,341,000
$1,006,001 - $1,341,000
$670,001 - $1,006,000
$537,001 - $670,000
$402,001 - $537,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
0.1%
0.1%
0.0%
0.0%
0.3%
0.3%
0.5%
0.5%
0.6%
0.6%
3.1%
3.1%
11.8%
11.8%
27.9%
27.9%
55.7%
55.7%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

33,854

Flint Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,292 / per month

Homeownership Rate

Owners
Renters
52.7%
52.7%
47.3%
47.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.4%
20.4%
79.6%
79.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.1%
2.1%
14.0%
14.0%
60.1%
60.1%
23.8%
23.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.8%
79.8%
4.4%
4.4%
5.2%
5.2%
8.8%
8.8%
1.7%
1.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
7.0%
7.0%
36.2%
36.2%
43.7%
43.7%
9.9%
9.9%
2.0%
2.0%
0% 100.0%
% of Homes