Oscoda appreciation rates and housing market information

Oscoda housing market information

With 1,024 people, 614 houses or apartments, and a median cost of homes of $107,165, house prices in Oscoda are solidly below the national average.

single-family detached homes are the single most common housing type in Oscoda, accounting for 75.89% of the town's housing units. Other types of housing that are prevalent in Oscoda include large apartment complexes or high rise apartments (12.70%), duplexes, homes converted to apartments, or other small apartment buildings (8.63%), and a few row houses and other attached homes (2.77%).

Dwellings in Oscoda tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 49.19% of the homes in Oscoda 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. Oscoda's housing was primarily built during this period, from the '40s through the '60s. A full 55.05% of the town's housing hails from this era. Other housing ages represented in Oscoda include homes built between 1970-1994 (22.31%), and housing constructed from 1939 and earlier (20.85%). There's also some housing in Oscoda built between 1995 and later (1.79%).

Oscoda home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Oscoda, where house values have increased just 2.30%, which is an average annual increase of 0.23%. NeighborhoodScout's data show that in the latest quarter, Oscoda house values appreciated 1.35%, which is an annualized rate of 5.40%. This rate is lower than the appreciation rate found in 20% of the cities and towns in America.

Over the last year, Oscoda appreciation rates have trailed the rest of the nation. In the last twelve months, Oscoda's appreciation rate has been -5.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oscoda were at 1.35%, which equates to an annual appreciation rate of 5.40%.

Relative to Michigan, our data show that Oscoda's latest annual appreciation rate is higher than 25% of the other cities and towns in Michigan.