Auburn Hills, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Auburn Hills Neighborhoods Since 2000




Auburn Hills, 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

Auburn Hills Housing Market Information

With 22,672 people, 8,988 houses or apartments, and a median cost of homes of $168,089, Auburn Hills real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Auburn Hills, accounting for 38.61% of the city's housing units. Other types of housing that are prevalent in Auburn Hills include large apartment complexes or high rise apartments ( 38.11%), row houses and other attached homes ( 8.79%), and a few mobile homes or trailers ( 8.76%).

People in Auburn Hills primarily live in small (one, two or no bedroom) single-family detached homes. Auburn Hills has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Auburn Hills 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 Auburn Hills built between 1940-1969 ( 24.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.88%). There's also some housing in Auburn Hills built before 1939 ( 4.78%).

Auburn Hills Home Appreciation Rates

Real estate appreciation rates in Auburn Hills's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.66% during the period.

Appreciation rates are so strong in Auburn Hills that despite a nationwide downturn in the housing market, Auburn Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Auburn Hills appreciation rates continue to be some of the highest in America, at 7.04%, which is higher than appreciation rates in 81.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Auburn Hills. Auburn Hills appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

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

Relative to Michigan, our data show that Auburn Hills's latest annual appreciation rate is higher 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 Auburn Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn Hills - 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 Auburn Hills real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$168,089

Auburn Hills, MI HOME PRICES

Value Range
> $1,320,000 0.2
$990,001 - $1,320,000 0.3
$660,001 - $990,000 0.3
$528,001 - $660,000 1.0
$396,001 - $528,000 5.7
$264,001 - $396,000 11.0
$132,001 - $264,000 35.8
$66,001 - $132,000 23.9
$0 - $66,000 21.9

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
42.3766553380991 26.7628205128205

Number Of Homes And Apartments:
8,988

Auburn Hills 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
1.23% 0.07% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,371 / per month

Homeownership Rate

Homeownership
Owners 44.26
Renters 55.74
Vacant 8.83

Housing Market Details

 

Age of Homes

AGE OF Auburn Hills HOMES
2000 or Newer 15.9
1970 - 1999 54.9
1940 - 1969 24.5
1939 or Older 4.8

Types of Homes

TYPE OF Auburn Hills HOMES
Single-Family 38.6
Townhomes 8.8
Small Apt. Buildings 5.7
Apt. Complexes 38.1
Mobile Homes 8.8
Other 0.0

Home Size

SIZE OF Auburn Hills HOMES
No Bedroom 1.35
1 Bedroom 11.29
2 Bedrooms 44.64
3 Bedrooms 34.31
4 Bedrooms 7.50
5 or more bedrooms 0.91