Birch Run, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Birch Run Neighborhoods Since 2000




Birch Run, 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

Birch Run Housing Market Information

With 1,479 people, 678 houses or apartments, and a median cost of homes of $151,673, Birch Run real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Birch Run, accounting for 43.61% of the village's housing units. Other types of housing that are prevalent in Birch Run include large apartment complexes or high rise apartments ( 27.86%), mobile homes or trailers ( 17.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.65%).

The most prevalent building size and type in Birch Run are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.55% owning and 41.45% renting.

There is a lot of housing in Birch Run built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Birch Run built between 1940-1969 ( 23.96%). A lesser amount of the housing stock also hails from before 1939 ( 12.25%). There's also some housing in Birch Run built between 2000 and later ( 7.94%).

Birch Run Home Appreciation Rates

Birch Run's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Birch Run during the period has been just -1.06%, which is lower than 70% of US communities.

Over the last year, Birch Run appreciation rates have trailed the rest of the nation. In the last twelve months, Birch Run's appreciation rate has been -0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Birch Run were at -2.71%, which equates to an annual appreciation rate of -10.42%.

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

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

Average Home Values

 

Median Home Value:
$151,673

Birch Run, MI HOME PRICES

Value Range
> $1,101,000 0.0
$826,001 - $1,101,000 0.0
$550,001 - $826,000 0.0
$440,001 - $550,000 0.8
$330,001 - $440,000 1.6
$220,001 - $330,000 16.8
$110,001 - $220,000 45.4
$55,001 - $110,000 24.2
$0 - $55,000 11.2

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
49.2734091175437 36.5384615384615

Number Of Homes And Apartments:
678

Birch Run 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
1.49% 0.09% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$862 / per month

Homeownership Rate

Homeownership
Owners 58.55
Renters 41.45
Vacant 8.75

Housing Market Details

 

Age of Homes

AGE OF Birch Run HOMES
2000 or Newer 7.9
1970 - 1999 55.9
1940 - 1969 24.0
1939 or Older 12.2

Types of Homes

TYPE OF Birch Run HOMES
Single-Family 43.6
Townhomes 4.8
Small Apt. Buildings 5.7
Apt. Complexes 27.9
Mobile Homes 17.5
Other 0.5

Home Size

SIZE OF Birch Run HOMES
No Bedroom 1.62
1 Bedroom 7.00
2 Bedrooms 40.38
3 Bedrooms 42.40
4 Bedrooms 8.21
5 or more bedrooms 0.40

Popular Neighborhoods in Birch Run

Zip Codes in Birch Run, MI