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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,481 people, 1,145 houses or apartments, and a median cost of homes of $121,443, 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 54.48% of the city's housing units. Other types of housing that are prevalent in Clio include large apartment complexes or high rise apartments ( 27.11%), mobile homes or trailers ( 9.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.12%).
The most prevalent building size and type in Clio are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.60% owning and 45.40% renting.
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 ( 30.29%). A lesser amount of the housing stock also hails from before 1939 ( 26.78%). There's also some housing in Clio built between 2000 and later ( 5.94%).
Appreciation rates for homes in Clio have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.83%, which ranks in the top 50% nationwide. This equates to an annual average Clio house appreciation rate of 6.22%.
NeighborhoodScout's data show that during the latest twelve months, Clio's appreciation rate, at 6.43%, has been at or slightly above the national average. In the latest quarter, Clio's appreciation rate has been 1.49%, which annualizes to a rate of 6.10%.
Relative to Michigan, our data show that Clio'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 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.
$121,443
for Michigan
for nation
1,145
$1,098 / per month