Clio, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clio Neighborhoods Since 2000




Clio, 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

Clio Housing Market Information

With 2,536 people, 1,269 houses or apartments, and a median cost of homes of $87,350, 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 51.35% of the city's housing units. Other types of housing that are prevalent in Clio include large apartment complexes or high rise apartments ( 32.83%), duplexes, homes converted to apartments or other small apartment buildings ( 7.48%), and a few mobile homes or trailers ( 6.48%).

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 ( 26.42%). A lesser amount of the housing stock also hails from before 1939 ( 19.09%). There's also some housing in Clio built between 2000 and later ( 11.61%).

Clio Home Appreciation Rates

Homes have actually lost value in Clio over the last then years, as home values have seen a decline of 20.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Clio home appreciation rates at 0.16%, which equates to an annual appreciation rate of 0.64%.

Over the last year, Clio appreciation rates have trailed the rest of the nation. In the last twelve months, Clio's appreciation rate has been 1.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clio were at 0.16%, which equates to an annual appreciation rate of 0.64%.

Relative to Michigan, our data show that Clio's latest annual appreciation rate is lower than 80% 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:
$87,350

Clio, MI HOME PRICES

Value Range
> $1,143,000 0.0
$858,001 - $1,143,000 1.3
$571,001 - $858,000 0.0
$457,001 - $571,000 0.0
$343,001 - $457,000 0.8
$229,001 - $343,000 2.9
$114,001 - $229,000 14.2
$57,001 - $114,000 56.0
$0 - $57,000 24.7

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
85.9252314543537 87.3397435897436

Number Of Homes And Apartments:
1,269

Clio 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
-13.60% -0.84% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$704 / per month

Homeownership Rate

Homeownership
Owners 53.01
Renters 46.99
Vacant 9.62

Housing Market Details

 

Age of Homes

AGE OF Clio HOMES
2000 or Newer 11.6
1970 - 1999 42.9
1940 - 1969 26.4
1939 or Older 19.1

Types of Homes

TYPE OF Clio HOMES
Single-Family 51.4
Townhomes 1.9
Small Apt. Buildings 7.5
Apt. Complexes 32.8
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Clio HOMES
No Bedroom 2.07
1 Bedroom 17.17
2 Bedrooms 39.53
3 Bedrooms 31.27
4 Bedrooms 9.33
5 or more bedrooms 0.64