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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 9,976, 3,902 total housing units (homes and apartments), and a median house value of $52,734, house prices in Benton Harbor 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 Benton Harbor, accounting for 63.51% of the city's housing units. Other types of housing that are prevalent in Benton Harbor include large apartment complexes or high rise apartments ( 23.60%), duplexes, homes converted to apartments or other small apartment buildings ( 12.01%).
Benton Harbor is dominated by renter-occupied one, two, or no bedrooms apartments. 66.92% of Benton Harbor's dwellings are rentals.
The housing in Benton Harbor was primarily built before 1939 ( 40.72%), making the housing stock in Benton Harbor some of the oldest overall in America, although there is a range of ages of homes in Benton Harbor. The next most important housing age is between 1940-1969 ( 31.09%), followed by between 1970-1999 ( 20.64%). There's also some housing in Benton Harbor built between 2000 and later ( 7.56%).
Vacant housing appears to be an issue in Benton Harbor. Fully 19.23% of the housing stock is classified as vacant. Left unchecked, vacant Benton Harbor homes and apartments can be a drag on the real estate market, holding Benton Harbor 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.
Benton Harbor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Benton Harbor during the period has been just -1.53%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Benton Harbor's appreciation rate, at 5.38%, has been at or slightly above the national average. In the latest quarter, Benton Harbor's appreciation rate has been 0.27%, which annualizes to a rate of 1.07%.
Relative to Michigan, our data show that Benton Harbor's latest annual appreciation rate is lower 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 Benton Harbor differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Benton Harbor - 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 Benton Harbor real estate investment or home purchase decisions.
|$809,001 - $1,079,000||0.0|
|$540,001 - $809,000||0.3|
|$432,001 - $540,000||0.0|
|$324,001 - $432,000||0.0|
|$216,001 - $324,000||0.9|
|$108,001 - $216,000||11.0|
|$54,001 - $108,000||37.9|
|$0 - $54,000||49.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Benton Harbor HOMES|
|2000 or Newer||7.6|
|1970 - 1999||20.6|
|1940 - 1969||31.1|
|1939 or Older||40.7|
|TYPE OF Benton Harbor HOMES|
|Small Apt. Buildings||12.0|
|SIZE OF Benton Harbor HOMES|
|5 or more bedrooms||2.82|