Plymouth Township appreciation rates and housing market information

Plymouth Township housing market information

With 27,650 people, 10,985 houses or apartments, and a median cost of homes of $222,221, Plymouth Township real estate is some of the most expensive in Michigan, although Plymouth Township home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Plymouth Township, accounting for 68.54% of the town's housing units. Other types of housing that are prevalent in Plymouth Township include large apartment complexes or high rise apartments (13.52%), row houses and other attached homes (8.13%), mobile homes or trailers (6.90%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.91%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Plymouth Township. Owner-occupied housing accounts for 81.37% of Plymouth Township's homes, and 66.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plymouth Township built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Plymouth Township built from 1940-1969 (34.59%). A lesser amount of the housing stock also hails from 1995 and later (12.30%), and some were built from 1939 and earlier (12.30%).

Plymouth Township home appreciation rates

Homes have actually lost value in Plymouth Township over the last ten years, as the appreciation rate has seen a decline of -3.96% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Plymouth Township home appreciation rates at 2.64%, which equates to an annual appreciation rate of 10.56%.

Over the last year, Plymouth Township appreciation rates have trailed the rest of the nation. In the last twelve months, Plymouth Township's appreciation rate has been -12.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plymouth Township were at 2.64%, which equates to an annual appreciation rate of 10.56%.

Importantly, this makes Plymouth Township 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 Plymouth Township's latest annual appreciation rate is higher than 1% of the other cities and towns in Michigan.