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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 982 people, 405 houses or apartments, and a median cost of homes of $161,593, house prices in Baldwin are some of the most affordable in Michigan as well as the nation.
Single-family detached homes are the single most common housing type in Baldwin, accounting for 60.52% of the village's housing units. Other types of housing that are prevalent in Baldwin include duplexes, homes converted to apartments or other small apartment buildings ( 28.11%), large apartment complexes or high rise apartments ( 8.15%), and a few row houses and other attached homes ( 2.15%).
Baldwin is dominated by renter-occupied one, two, or no bedrooms apartments. 67.21% of Baldwin's dwellings are rentals.
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. Baldwin's housing was primarily built during this period, from the '40s through the '60s. A full 40.34% of the village's housing hails from this era. Other housing ages represented in Baldwin include homes built between 1970-1999 ( 37.77%) and housing constructed between 2000 and later ( 18.67%). There's also some housing in Baldwin built before 1939 ( 3.22%).
Vacant housing appears to be an issue in Baldwin. Fully 13.09% of the housing stock is classified as vacant. Left unchecked, vacant Baldwin homes and apartments can be a drag on the real estate market, holding Baldwin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Baldwin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.52%, which ranks in the top 30% nationwide. This equates to an annual average Baldwin house appreciation rate of 7.68%.
Appreciation rates are so strong in Baldwin that despite a nationwide downturn in the housing market, Baldwin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Baldwin appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 85.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Baldwin. Baldwin appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.51%.
Importantly, this makes Baldwin one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Michigan, our data show that Baldwin's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.
$161,593
for Michigan
for nation
405
$1,230 / per month