Battle Creek, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Battle Creek Neighborhoods Since 2000




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 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

Battle Creek Housing Market Information

With 51,589 people, 20,629 houses or apartments, and a median cost of homes of $72,143, 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 68.99% of the city's housing units. Other types of housing that are prevalent in Battle Creek include large apartment complexes or high rise apartments ( 19.99%), duplexes, homes converted to apartments or other small apartment buildings ( 7.61%), and a few mobile homes or trailers ( 1.86%).

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 40.23% of the city's housing hails from this era. Other housing ages represented in Battle Creek include homes built before 1939 ( 29.56%) and housing constructed between 1970-1999 ( 24.03%). There's also some housing in Battle Creek built between 2000 and later ( 6.18%).

Vacant housing appears to be an issue in Battle Creek. Fully 15.74% 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

Battle Creek's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Battle Creek during the period has been just -1.84%, which is lower than 80% of US communities.

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 6.25%, which is higher than appreciation rates in 76.18% 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 -0.73%, which equates to an annual appreciation rate of -2.90%.

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 higher than 50% 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:
$72,143

Battle Creek, MI HOME PRICES

Value Range
> $1,122,000 0.4
$842,001 - $1,122,000 0.0
$561,001 - $842,000 0.2
$449,001 - $561,000 0.2
$336,001 - $449,000 0.9
$224,001 - $336,000 5.6
$112,001 - $224,000 24.7
$56,001 - $112,000 40.9
$0 - $56,000 27.1

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
94.3572014531818 94.2307692307692

Number Of Homes And Apartments:
20,629

Battle Creek 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
-1.71% -0.10% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$981 / per month

Homeownership Rate

Homeownership
Owners 58.08
Renters 41.92
Vacant 15.74

Housing Market Details

 

Age of Homes

AGE OF Battle Creek HOMES
2000 or Newer 6.2
1970 - 1999 24.0
1940 - 1969 40.2
1939 or Older 29.6

Types of Homes

TYPE OF Battle Creek HOMES
Single-Family 69.0
Townhomes 1.5
Small Apt. Buildings 7.6
Apt. Complexes 20.0
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Battle Creek HOMES
No Bedroom 1.98
1 Bedroom 13.53
2 Bedrooms 33.15
3 Bedrooms 36.45
4 Bedrooms 12.12
5 or more bedrooms 2.78