Baldwin, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Baldwin Neighborhoods Since 2000




Baldwin, 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

Baldwin Housing Market Information

With 1,159 people, 441 houses or apartments, and a median cost of homes of $80,037, 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 64.43% of the village's housing units. Other types of housing that are prevalent in Baldwin include large apartment complexes or high rise apartments ( 17.79%), duplexes, homes converted to apartments or other small apartment buildings ( 16.15%), and a few mobile homes or trailers ( 1.27%).

Baldwin is dominated by renter-occupied one, two, or no bedrooms apartments. 72.12% of Baldwin's dwellings are rentals.

There is a lot of housing in Baldwin 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 Baldwin built between 1940-1969 ( 31.22%). A lesser amount of the housing stock also hails from before 1939 ( 11.07%). There's also some housing in Baldwin built between 2000 and later ( 3.09%).

Vacant housing appears to be an issue in Baldwin. Fully 19.96% 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.

Baldwin Home Appreciation Rates

Baldwin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Baldwin during the period has been just -1.01%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Baldwin's appreciation rate, at 4.08%, has been at or slightly above the national average. In the latest quarter, Baldwin's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Baldwin's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$80,037

Baldwin, MI HOME PRICES

Value Range
> $1,110,000 0.3
$832,001 - $1,110,000 0.0
$555,001 - $832,000 0.5
$444,001 - $555,000 1.5
$333,001 - $444,000 3.5
$222,001 - $333,000 11.4
$111,001 - $222,000 18.5
$55,001 - $111,000 34.5
$0 - $55,000 29.9

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
90.4781436774874 91.3461538461538

Number Of Homes And Apartments:
441

Baldwin 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
21.95% 1.16% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$775 / per month

Homeownership Rate

Homeownership
Owners 27.88
Renters 72.12
Vacant 19.96

Housing Market Details

 

Age of Homes

AGE OF Baldwin HOMES
2000 or Newer 3.1
1970 - 1999 54.6
1940 - 1969 31.2
1939 or Older 11.1

Types of Homes

TYPE OF Baldwin HOMES
Single-Family 64.4
Townhomes 0.4
Small Apt. Buildings 16.2
Apt. Complexes 17.8
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Baldwin HOMES
No Bedroom 1.63
1 Bedroom 32.30
2 Bedrooms 27.59
3 Bedrooms 22.69
4 Bedrooms 13.79
5 or more bedrooms 2.00

Popular Neighborhoods in Baldwin

Popular Communities Near Baldwin, MI

Zip Codes in Baldwin, MI