Battle Creek MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Battle Creek, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Battle Creek Housing Market Information

With a population of 51,093, 1,568 total housing units (homes and apartments), and a median house value of $81,879, house prices in Battle Creek 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 Battle Creek, accounting for 71.86% of the city's housing units. Other types of housing that are prevalent in Battle Creek include large apartment complexes or high rise apartments ( 16.77%), duplexes, homes converted to apartments or other small apartment buildings ( 6.09%), and a few mobile homes or trailers ( 4.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Battle Creek. Owner-occupied housing accounts for 66.30% of Battle Creek's homes, and 53.17% have either three or four bedrooms, which is average sized relative to America.

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. Battle Creek's housing was primarily built during this period, from the '40s through the '60s. A full 39.54% of the city's housing hails from this era. Other housing ages represented in Battle Creek include homes built between 1970-1999 ( 29.61%) and housing constructed before 1939 ( 24.12%). There's also some housing in Battle Creek built between 2000 and later ( 6.74%).

Vacant housing appears to be an issue in Battle Creek. Fully 11.70% of the housing stock is classified as vacant. Left unchecked, vacant Battle Creek homes and apartments can be a drag on the real estate market, holding Battle Creek 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.

Battle Creek Home Appreciation Rates

Real estate appreciation rates in Battle Creek's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.18% during the period.

Over the last year, Battle Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Battle Creek's appreciation rate has been 2.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Battle Creek were at -0.04%, which equates to an annual appreciation rate of -0.16%.

Notably, Battle Creek's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Battle Creek's latest annual appreciation rate is lower than 90% 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 Battle Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Battle Creek - 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 Battle Creek real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$81,879

Battle Creek, MI HOME PRICES

Value Range
> $1,198,000 0.1
$898,001 - $1,198,000 0.0
$599,001 - $898,000 0.3
$479,001 - $599,000 0.4
$360,001 - $479,000 1.4
$240,001 - $360,000 5.8
$120,001 - $240,000 26.7
$60,001 - $120,000 41.1
$0 - $60,000 24.1

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
94.0321167883212 95.5128205128205

Number Of Homes And Apartments:
1,568

Battle Creek Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
19.52% 0.86%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,072 / per month

Homeownership Rate

Homeownership
Owners 66.30
Renters 33.70
Vacant 11.70

Housing Market Details

 

Age of Homes

AGE OF Battle Creek HOMES
2000 or Newer 6.7
1970 - 1999 29.6
1940 - 1969 39.5
1939 or Older 24.1

Types of Homes

TYPE OF Battle Creek HOMES
Single-Family 71.9
Townhomes 1.0
Small Apt. Buildings 6.1
Apt. Complexes 16.8
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Battle Creek HOMES
No Bedroom 1.13
1 Bedroom 11.15
2 Bedrooms 31.64
3 Bedrooms 39.74
4 Bedrooms 13.43
5 or more bedrooms 2.91