Clinton Township, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clinton Township Neighborhoods Since 2000




Clinton Township, 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

Clinton Township Housing Market Information

With a population of 99,889, 2,075 total housing units (homes and apartments), and a median house value of $81,993, house prices in Clinton Township are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Clinton Township, accounting for 51.94% of the town's housing units. Other types of housing that are prevalent in Clinton Township include large apartment complexes or high rise apartments ( 23.19%), row houses and other attached homes ( 16.47%), and a few mobile homes or trailers ( 4.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clinton Township. Owner-occupied housing accounts for 65.43% of Clinton Township's homes, and 51.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Clinton Township 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 Clinton Township built between 1940-1969 ( 27.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.07%). There's also some housing in Clinton Township built before 1939 ( 1.53%).

Clinton Township Home Appreciation Rates

In the last 10 years, Clinton Township has experienced some of the highest home appreciation rates of any community in the nation. Clinton Township real estate appreciated 20.16% over the last ten years, which is an average annual home appreciation rate of 1.85%, putting Clinton Township in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Clinton Township definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Clinton Township's appreciation rate, at 4.68%, has been at or slightly above the national average. In the latest quarter, Clinton Township's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Michigan, our data show that Clinton Township's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Clinton Township differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clinton Township - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clinton Township real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$81,993

Clinton Township, MI HOME PRICES

Value Range
> $1,127,000 1.2
$845,001 - $1,127,000 0.3
$563,001 - $845,000 1.0
$451,001 - $563,000 1.5
$338,001 - $451,000 2.9
$225,001 - $338,000 3.4
$113,001 - $225,000 22.4
$56,001 - $113,000 44.2
$0 - $56,000 23.2

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
89.1919606234619 90.0641025641026

Number Of Homes And Apartments:
2,075

Clinton Township 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
78.22% 3.41% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$789 / per month

Homeownership Rate

Homeownership
Owners 65.43
Renters 34.57
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Clinton Township HOMES
2000 or Newer 11.1
1970 - 1999 59.5
1940 - 1969 27.9
1939 or Older 1.5

Types of Homes

TYPE OF Clinton Township HOMES
Single-Family 51.9
Townhomes 16.5
Small Apt. Buildings 4.0
Apt. Complexes 23.2
Mobile Homes 4.4
Other 0.1

Home Size

SIZE OF Clinton Township HOMES
No Bedroom 0.51
1 Bedroom 12.79
2 Bedrooms 33.64
3 Bedrooms 40.63
4 Bedrooms 11.22
5 or more bedrooms 1.22