Clio, 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 Q4 2020. 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

Clio, MI Housing Market Trends

With 2,497 people, 1,277 houses or apartments, and a median cost of homes of $76,413, house prices in Clio 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 Clio, accounting for 47.67% of the city's housing units. Other types of housing that are prevalent in Clio include large apartment complexes or high rise apartments ( 38.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.97%), and a few mobile homes or trailers ( 6.13%).

People in Clio primarily live in small (one, two or no bedroom) single-family detached homes. Clio has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Clio 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 Clio built between 1940-1969 ( 35.19%). A lesser amount of the housing stock also hails from before 1939 ( 19.44%). There's also some housing in Clio built between 2000 and later ( 6.27%).

Vacant housing appears to be an issue in Clio. Fully 11.01% of the housing stock is classified as vacant. Left unchecked, vacant Clio homes and apartments can be a drag on the real estate market, holding Clio 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.

Clio Home Appreciation Rates

Clio's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clio during the period has been just 1.49%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Clio's appreciation rate, at 5.99%, has been at or slightly above the national average. In the latest quarter, Clio's appreciation rate has been 3.26%, which annualizes to a rate of 13.70%.

Importantly, this makes Clio one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Clio'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 city. Individual neighborhoods within Clio differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clio - 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 Clio real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$76,413

Clio, MI HOME PRICES

> $1,081,000
0.0%
0.0%
$811,001 - $1,081,000
0.0%
0.0%
$540,001 - $811,000
0.0%
0.0%
$432,001 - $540,000
0.0%
0.0%
$324,001 - $432,000
0.0%
0.0%
$216,001 - $324,000
2.8%
2.8%
$108,001 - $216,000
27.3%
27.3%
$54,001 - $108,000
49.9%
49.9%
$0 - $54,000
20.0%
20.0%
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:
1,277

Clio Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
-5.30% -0.26%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Owners
47.9%
47.9%
Renters
52.1%
52.1%
Vacant
11.0%
11.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.3%
6.3%
1970 - 1999
39.1%
39.1%
1940 - 1969
35.2%
35.2%
1939 or Older
19.4%
19.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.7%
47.7%
Townhomes
0.4%
0.4%
Small Apt. Buildings
7.0%
7.0%
Apt. Complexes
38.8%
38.8%
Mobile Homes
6.1%
6.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.6%
4.6%
1 Bedroom
27.3%
27.3%
2 Bedrooms
29.7%
29.7%
3 Bedrooms
29.9%
29.9%
4 Bedrooms
8.5%
8.5%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES