Battle Creek, MI Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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, MI Housing Market Trends

With a population of 51,093, 20,813 total housing units (homes and apartments), and a median house value of $88,361, 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 63.08% of the city's housing units. Other types of housing that are prevalent in Battle Creek include large apartment complexes or high rise apartments ( 23.56%), duplexes, homes converted to apartments or other small apartment buildings ( 9.59%), and a few mobile homes or trailers ( 2.53%).

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

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 34.37% of the city's housing hails from this era. Other housing ages represented in Battle Creek include homes built before 1939 ( 30.19%) and housing constructed between 1970-1999 ( 27.22%). There's also some housing in Battle Creek built between 2000 and later ( 8.22%).

Vacant housing appears to be an issue in Battle Creek. Fully 12.97% 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

Appreciation rates for homes in Battle Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.89%, which ranks in the top 40% nationwide. This equates to an annual average Battle Creek house appreciation rate of 4.13%.

Appreciation rates are so strong in Battle Creek that despite a nationwide downturn in the housing market, Battle Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Battle Creek appreciation rates continue to be some of the highest in America, at 11.94%, which is higher than appreciation rates in 83.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Battle Creek. Battle Creek appreciation rates in the latest quarter were at 4.15%, which equates to an annual appreciation rate of 17.66%.

Importantly, this makes Battle Creek 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 Battle Creek's latest annual appreciation rate is higher than 80% 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:
$88,361

Battle Creek, MI HOME PRICES

> $1,285,000
0.1%
0.1%
$964,001 - $1,285,000
0.1%
0.1%
$642,001 - $964,000
0.3%
0.3%
$514,001 - $642,000
0.5%
0.5%
$385,001 - $514,000
1.4%
1.4%
$257,001 - $385,000
5.6%
5.6%
$129,001 - $257,000
28.1%
28.1%
$64,001 - $129,000
41.3%
41.3%
$0 - $64,000
22.5%
22.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for MI

Value Relative To Nation

Number Of Homes And Apartments:
20,813

Battle Creek Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
30.33% 1.24%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,068 / per month

Homeownership Rate

Owners
58.0%
58.0%
Renters
42.0%
42.0%
Vacant
13.0%
13.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.2%
8.2%
1970 - 1999
27.2%
27.2%
1940 - 1969
34.4%
34.4%
1939 or Older
30.2%
30.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.1%
63.1%
Townhomes
1.2%
1.2%
Small Apt. Buildings
9.6%
9.6%
Apt. Complexes
23.6%
23.6%
Mobile Homes
2.5%
2.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
14.2%
14.2%
2 Bedrooms
34.0%
34.0%
3 Bedrooms
36.2%
36.2%
4 Bedrooms
11.2%
11.2%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES