Chesaning, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chesaning, 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

Chesaning Housing Market Information

With 2,288 people, 1,038 houses or apartments, and a median cost of homes of $98,129, house prices in Chesaning are solidly below the national average.

Single-family detached homes are the single most common housing type in Chesaning, accounting for 70.38% of the village's housing units. Other types of housing that are prevalent in Chesaning include large apartment complexes or high rise apartments ( 15.32%), duplexes, homes converted to apartments or other small apartment buildings ( 11.32%), and a few row houses and other attached homes ( 2.64%).

The most prevalent building size and type in Chesaning are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.59% owning and 35.41% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chesaning's housing was primarily built during this period, from the '40s through the '60s. A full 34.21% of the village's housing hails from this era. Other housing ages represented in Chesaning include homes built between 1970-1999 ( 32.94%) and housing constructed before 1939 ( 32.85%).

Vacant housing appears to be an issue in Chesaning. Fully 11.66% of the housing stock is classified as vacant. Left unchecked, vacant Chesaning homes and apartments can be a drag on the real estate market, holding Chesaning 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.

Chesaning Home Appreciation Rates

Homes have actually lost value in Chesaning over the last then years, as home values have seen a decline of 21.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Chesaning home appreciation rates at -2.71%, which equates to an annual appreciation rate of -10.42%.

Over the last year, Chesaning appreciation rates have trailed the rest of the nation. In the last twelve months, Chesaning's appreciation rate has been -1.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chesaning were at -2.71%, which equates to an annual appreciation rate of -10.42%.

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

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

Average Home Values

 

Median Home Value:
$98,129

Chesaning, MI HOME PRICES

Value Range
> $1,038,000 0.0
$779,001 - $1,038,000 0.3
$519,001 - $779,000 0.7
$415,001 - $519,000 0.0
$311,001 - $415,000 0.9
$207,001 - $311,000 6.5
$104,001 - $207,000 35.3
$52,001 - $104,000 46.9
$0 - $52,000 9.5

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
78.770655103715 76.9230769230769

Number Of Homes And Apartments:
1,038

Chesaning 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
-13.65% -0.85% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$816 / per month

Homeownership Rate

Homeownership
Owners 64.59
Renters 35.41
Vacant 11.66

Housing Market Details

 

Age of Homes

AGE OF Chesaning HOMES
2000 or Newer 0.0
1970 - 1999 32.9
1940 - 1969 34.2
1939 or Older 32.9

Types of Homes

TYPE OF Chesaning HOMES
Single-Family 70.4
Townhomes 2.6
Small Apt. Buildings 11.3
Apt. Complexes 15.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Chesaning HOMES
No Bedroom 0.00
1 Bedroom 10.89
2 Bedrooms 29.79
3 Bedrooms 46.72
4 Bedrooms 8.00
5 or more bedrooms 4.60

Popular Neighborhoods in Chesaning

Zip Codes in Chesaning, MI