Belding, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Belding Neighborhoods Since 2000




Belding, 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

Belding Housing Market Information

With a population of 5,769, 2,086 total housing units (homes and apartments), and a median house value of $83,332, house prices in Belding 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 Belding, accounting for 66.09% of the city's housing units. Other types of housing that are prevalent in Belding include large apartment complexes or high rise apartments ( 16.91%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few row houses and other attached homes ( 5.53%).

The most prevalent building size and type in Belding are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.23% owning and 35.77% renting.

The housing in Belding was primarily built before 1939 ( 36.52%), making the housing stock in Belding some of the oldest overall in America, although there is a range of ages of homes in Belding. The next most important housing age is between 1970-1999 ( 31.42%), followed by between 1940-1969 ( 25.52%). There's also some housing in Belding built between 2000 and later ( 6.54%).

Vacant housing appears to be an issue in Belding. Fully 12.02% of the housing stock is classified as vacant. Left unchecked, vacant Belding homes and apartments can be a drag on the real estate market, holding Belding 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.

Belding Home Appreciation Rates

Belding's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Belding during the period has been just -1.44%, which is lower than 80% of US communities.

Appreciation rates are so strong in Belding that despite a nationwide downturn in the housing market, Belding real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belding appreciation rates continue to be some of the highest in America, at 12.03%, which is higher than appreciation rates in 97.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belding. Belding appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Belding's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$83,332

Belding, MI HOME PRICES

Value Range
> $1,208,000 0.0
$906,001 - $1,208,000 0.0
$604,001 - $906,000 0.0
$483,001 - $604,000 0.0
$362,001 - $483,000 0.0
$242,001 - $362,000 1.0
$121,001 - $242,000 23.5
$60,001 - $121,000 49.8
$0 - $60,000 25.6

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
88.4155631079339 89.5833333333333

Number Of Homes And Apartments:
2,086

Belding 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
-0.48% -0.03% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$585 / per month

Homeownership Rate

Homeownership
Owners 64.23
Renters 35.77
Vacant 12.02

Housing Market Details

 

Age of Homes

AGE OF Belding HOMES
2000 or Newer 6.5
1970 - 1999 31.4
1940 - 1969 25.5
1939 or Older 36.5

Types of Homes

TYPE OF Belding HOMES
Single-Family 66.1
Townhomes 5.5
Small Apt. Buildings 7.2
Apt. Complexes 16.9
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Belding HOMES
No Bedroom 0.72
1 Bedroom 16.91
2 Bedrooms 21.17
3 Bedrooms 45.42
4 Bedrooms 13.33
5 or more bedrooms 2.45