Hale appreciation rates and housing market information

Hale housing market information

With 4,605 people, 3,910 houses or apartments, and a median cost of homes of $125,656, house prices in Hale are solidly below the national average.

single-family detached homes are the single most common housing type in Hale, accounting for 86.60% of the town's housing units. Other types of housing that are prevalent in Hale include mobile homes or trailers (11.18%), large apartment complexes or high rise apartments (0.79%), row houses and other attached homes (0.64%), and a few duplexes, homes converted to apartments, or other small apartment buildings (0.59%).

Dwellings in Hale tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 64.19% of the homes in Hale have two or fewer bedrooms.

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. Hale's housing was primarily built during this period, from the '40s through the '60s. A full 52.43% of the town's housing hails from this era. Other housing ages represented in Hale include homes built between 1970-1994 (33.99%), and housing constructed from 1995 and later (7.21%). There's also some housing in Hale built between 1939 and earlier (6.37%).

A decent proportion of the Hale housing stock is seasonally occupied. That is, homes and condos in Hale are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Hale housing market speaks to its popularity as a vacation location of choice.

Hale home appreciation rates

Real estate appreciation rates in Hale have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.48% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hale home appreciation rates, at 2.19%, have been at or slightly above the national average. In the latest quarter, Hale's appreciation rate has been 3.16%, which annualizes to a rate of 12.64%.

Importantly, this makes Hale one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Michigan, our data show that Hale's latest annual appreciation rate is higher than 84% of the other cities and towns in Michigan.