Blissfield, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Blissfield Neighborhoods Since 2000




Blissfield, 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

Blissfield Housing Market Information

With a population of 3,255, 1,450 total housing units (homes and apartments), and a median house value of $96,903, house prices in Blissfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Blissfield, accounting for 73.88% of the village's housing units. Other types of housing that are prevalent in Blissfield include mobile homes or trailers ( 14.92%), duplexes, homes converted to apartments or other small apartment buildings ( 7.23%), and a few large apartment complexes or high rise apartments ( 2.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Blissfield. Owner-occupied housing accounts for 79.72% of Blissfield's homes, and 58.76% have either three or four bedrooms, which is average sized relative to America.

The housing in Blissfield was primarily built before 1939 ( 35.96%), making the housing stock in Blissfield some of the oldest overall in America, although there is a range of ages of homes in Blissfield. The next most important housing age is between 1940-1969 ( 26.12%), followed by between 1970-1999 ( 25.41%). There's also some housing in Blissfield built between 2000 and later ( 12.51%).

Blissfield Home Appreciation Rates

Blissfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Blissfield during the period has been just -1.94%, which is lower than 80% of US communities.

Appreciation rates are so strong in Blissfield that despite a nationwide downturn in the housing market, Blissfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Blissfield appreciation rates continue to be some of the highest in America, at 7.83%, which is higher than appreciation rates in 85.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Blissfield. Blissfield 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 Blissfield's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$96,903

Blissfield, MI HOME PRICES

Value Range
> $1,142,000 2.5
$857,001 - $1,142,000 0.2
$571,001 - $857,000 1.1
$457,001 - $571,000 0.6
$343,001 - $457,000 1.7
$228,001 - $343,000 4.9
$114,001 - $228,000 39.3
$57,001 - $114,000 33.5
$0 - $57,000 16.2

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
79.585140044533 78.2051282051282

Number Of Homes And Apartments:
1,450

Blissfield 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
-5.36% -0.32% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,106 / per month

Homeownership Rate

Homeownership
Owners 79.72
Renters 20.28
Vacant 5.54

Housing Market Details

 

Age of Homes

AGE OF Blissfield HOMES
2000 or Newer 12.5
1970 - 1999 25.4
1940 - 1969 26.1
1939 or Older 36.0

Types of Homes

TYPE OF Blissfield HOMES
Single-Family 73.9
Townhomes 1.4
Small Apt. Buildings 7.2
Apt. Complexes 2.5
Mobile Homes 14.9
Other 0.0

Home Size

SIZE OF Blissfield HOMES
No Bedroom 1.69
1 Bedroom 6.51
2 Bedrooms 28.01
3 Bedrooms 39.67
4 Bedrooms 19.09
5 or more bedrooms 5.02

Popular Neighborhoods in Blissfield

Zip Codes in Blissfield, MI