Clinton Township, 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 Q2 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

Clinton Township, MI Housing Market Trends

With a population of 100,471, 2,144 total housing units (homes and apartments), and a median house value of $107,624, 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 50.63% of the town's housing units. Other types of housing that are prevalent in Clinton Township include large apartment complexes or high rise apartments ( 24.70%), row houses and other attached homes ( 16.50%), and a few mobile homes or trailers ( 4.28%).

The most prevalent building size and type in Clinton Township are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.10% owning and 37.90% renting.

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 ( 27.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.89%). There's also some housing in Clinton Township built before 1939 ( 1.95%).

Clinton Township Home Appreciation Rates

Appreciation rates for homes in Clinton Township have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.29%, which ranks in the top 40% nationwide. This equates to an annual average Clinton Township house appreciation rate of 4.16%.

NeighborhoodScout's data show that during the latest twelve months, Clinton Township's appreciation rate, at 9.72%, has been at or slightly above the national average. In the latest quarter, Clinton Township's appreciation rate has been 2.62%, which annualizes to a rate of 10.92%.

Relative to Michigan, our data show that Clinton Township's latest annual appreciation rate is lower than 50% 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:
$107,624

Clinton Township, MI HOME PRICES

> $1,212,000
1.8%
1.8%
$909,001 - $1,212,000
0.3%
0.3%
$606,001 - $909,000
1.5%
1.5%
$485,001 - $606,000
1.3%
1.3%
$364,001 - $485,000
2.9%
2.9%
$243,001 - $364,000
10.0%
10.0%
$121,001 - $243,000
28.6%
28.6%
$61,001 - $121,000
39.3%
39.3%
$0 - $61,000
14.3%
14.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for MI

Value Relative To Nation

Number Of Homes And Apartments:
2,144

Clinton Township Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
136.58% 4.09%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,114 / per month

Homeownership Rate

Owners
62.1%
62.1%
Renters
37.9%
37.9%
Vacant
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.9%
11.9%
1970 - 1999
58.8%
58.8%
1940 - 1969
27.4%
27.4%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.6%
50.6%
Townhomes
16.5%
16.5%
Small Apt. Buildings
3.9%
3.9%
Apt. Complexes
24.7%
24.7%
Mobile Homes
4.3%
4.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
12.5%
12.5%
2 Bedrooms
34.0%
34.0%
3 Bedrooms
39.5%
39.5%
4 Bedrooms
11.1%
11.1%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES