Ada, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ada Neighborhoods Since 2000




Ada, MI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ada Housing Market Information

With a population of 21,310, 2,319 total housing units (homes and apartments), and a median house value of $349,909, Ada house prices are not only among the most expensive in Michigan, Ada real estate also is some of the most expensive in all of America.

Ada is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Ada than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ada. Owner-occupied housing accounts for 95.06% of Ada's homes, and 71.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ada built from 1970 to 1999 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 Ada built between 2000 and later ( 26.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.13%). There's also some housing in Ada built before 1939 ( 4.55%).

Ada Home Appreciation Rates

In the last 10 years, Ada has experienced some of the highest home appreciation rates of any community in the nation. Ada real estate appreciated 15.60% over the last ten years, which is an average annual home appreciation rate of 1.46%, putting Ada in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ada definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Ada that despite a nationwide downturn in the housing market, Ada real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ada appreciation rates continue to be some of the highest in America, at 9.98%, which is higher than appreciation rates in 93.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ada. Ada appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

Importantly, this makes Ada 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 Ada's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$349,909

Ada, MI HOME PRICES

Value Range
> $1,245,000 1.9
$934,001 - $1,245,000 2.7
$622,001 - $934,000 9.9
$498,001 - $622,000 10.6
$374,001 - $498,000 17.8
$249,001 - $374,000 28.3
$125,001 - $249,000 25.8
$62,001 - $125,000 1.4
$0 - $62,000 1.5

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
12.2055549044885 2.72435897435897

Number Of Homes And Apartments:
2,319

Ada Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.14% 1.45% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,729 / per month

Homeownership Rate

Homeownership
Owners 95.06
Renters 4.94
Vacant 3.39

Housing Market Details

 

Age of Homes

AGE OF Ada HOMES
2000 or Newer 26.7
1970 - 1999 50.6
1940 - 1969 18.1
1939 or Older 4.5

Types of Homes

TYPE OF Ada HOMES
Single-Family 93.7
Townhomes 2.7
Small Apt. Buildings 1.0
Apt. Complexes 2.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ada HOMES
No Bedroom 0.44
1 Bedroom 1.54
2 Bedrooms 9.10
3 Bedrooms 33.74
4 Bedrooms 37.32
5 or more bedrooms 17.86