Caseville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Caseville Neighborhoods Since 2000




Caseville, 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

Caseville Housing Market Information

With a population of 744, 408 total housing units (homes and apartments), and a median house value of $147,282, Caseville 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 Caseville, accounting for 69.95% of the village's housing units. Other types of housing that are prevalent in Caseville include mobile homes or trailers ( 16.03%), duplexes, homes converted to apartments or other small apartment buildings ( 6.18%), and a few large apartment complexes or high rise apartments ( 6.06%).

Dwellings in Caseville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.90% of the homes in Caseville have two or fewer bedrooms.

There is a lot of housing in Caseville 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 Caseville built between 1940-1969 ( 35.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.67%). There's also some housing in Caseville built before 1939 ( 7.84%).

A decent proportion of the Caseville housing stock is seasonally occupied. That is, homes and condos in Caseville are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Caseville housing market speaks to its popularity as a vacation location of choice.

Caseville Home Appreciation Rates

Caseville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Caseville during the period has been just -1.61%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Caseville's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Caseville's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Caseville's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$147,282

Caseville, MI HOME PRICES

Value Range
> $1,119,000 0.1
$840,001 - $1,119,000 1.4
$559,001 - $840,000 5.7
$448,001 - $559,000 3.3
$336,001 - $448,000 10.1
$224,001 - $336,000 12.0
$112,001 - $224,000 31.1
$56,001 - $112,000 25.2
$0 - $56,000 11.1

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
51.1602015703738 38.4615384615385

Number Of Homes And Apartments:
408

Caseville 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
5.21% 0.29% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 65.44
Renters 34.56
Vacant 51.54

Housing Market Details

 

Age of Homes

AGE OF Caseville HOMES
2000 or Newer 8.7
1970 - 1999 48.2
1940 - 1969 35.3
1939 or Older 7.8

Types of Homes

TYPE OF Caseville HOMES
Single-Family 70.0
Townhomes 1.8
Small Apt. Buildings 6.2
Apt. Complexes 6.1
Mobile Homes 16.0
Other 0.0

Home Size

SIZE OF Caseville HOMES
No Bedroom 1.43
1 Bedroom 8.08
2 Bedrooms 42.40
3 Bedrooms 36.58
4 Bedrooms 9.03
5 or more bedrooms 2.49

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Zip Codes in Caseville, MI