Birch Run, 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 Q1 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

Birch Run, MI Housing Market Trends

With 1,476 people, 704 houses or apartments, and a median cost of homes of $201,781, 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 43.41% of the village's housing units. Other types of housing that are prevalent in Birch Run include large apartment complexes or high rise apartments ( 24.71%), mobile homes or trailers ( 15.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.37%).

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 54.83% owning and 45.17% 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 ( 27.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.52%). There's also some housing in Birch Run built before 1939 ( 7.17%).

Birch Run Home Appreciation Rates

Appreciation rates for homes in Birch Run have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.81%, which ranks in the top 30% nationwide. This equates to an annual average Birch Run house appreciation rate of 4.19%.

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 4.15%, 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 1.31%, which equates to an annual appreciation rate of 5.34%.

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 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$201,781

Birch Run, MI HOME PRICES

> $1,231,000
1.7%
1.7%
$923,001 - $1,231,000
0.0%
0.0%
$615,001 - $923,000
1.0%
1.0%
$492,001 - $615,000
0.8%
0.8%
$369,001 - $492,000
8.9%
8.9%
$246,001 - $369,000
12.5%
12.5%
$123,001 - $246,000
54.2%
54.2%
$61,001 - $123,000
15.0%
15.0%
$0 - $61,000
6.0%
6.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for MI

Value Relative To Nation

Number Of Homes And Apartments:
704

Birch Run Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
34.07% 1.39%
5
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,131 / per month

Homeownership Rate

Owners
54.8%
54.8%
Renters
45.2%
45.2%
Vacant
9.9%
9.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.5%
11.5%
1970 - 1999
53.5%
53.5%
1940 - 1969
27.8%
27.8%
1939 or Older
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.4%
43.4%
Townhomes
5.9%
5.9%
Small Apt. Buildings
10.4%
10.4%
Apt. Complexes
24.7%
24.7%
Mobile Homes
15.6%
15.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
4.1%
4.1%
2 Bedrooms
42.5%
42.5%
3 Bedrooms
42.3%
42.3%
4 Bedrooms
8.8%
8.8%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Birch Run

Zip Codes in Birch Run, MI