With a population of 25,723, 1,754 total housing units (homes and apartments), and a median house value of $275,427, Commerce Township real estate is some of the most expensive in Michigan, although Commerce Township home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Commerce Township, accounting for 97.19% of the town's housing units. Other types of housing that are prevalent in Commerce Township include row houses and other attached homes ( 2.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Commerce Township. Owner-occupied housing accounts for 92.57% of Commerce Township's homes, and 84.69% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Commerce 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 Commerce Township built between 1940-1969 ( 26.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.84%). There's also some housing in Commerce Township built before 1939 ( 4.77%).
Commerce Township's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Commerce Township during the period has been just -0.70%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Commerce Township's appreciation rate, at 5.09%, has been at or slightly above the national average. In the latest quarter, Commerce Township's appreciation rate has been 1.97%, which annualizes to a rate of 8.12%.
Relative to Michigan, our data show that Commerce Township's latest annual appreciation rate is higher 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 Commerce Township differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Commerce 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 Commerce Township real estate investment or home purchase decisions.
|$958,001 - $1,277,000||0.7|
|$639,001 - $958,000||3.5|
|$511,001 - $639,000||8.2|
|$383,001 - $511,000||12.8|
|$256,001 - $383,000||26.5|
|$128,001 - $256,000||33.9|
|$64,001 - $128,000||10.5|
|$0 - $64,000||3.2|
|Value Relative to Nation||Value Relative to State|
|AGE OF Commerce Township HOMES|
|2000 or Newer||14.8|
|1970 - 1999||54.3|
|1940 - 1969||26.1|
|1939 or Older||4.8|
|TYPE OF Commerce Township HOMES|
|Small Apt. Buildings||0.5|
|SIZE OF Commerce Township HOMES|
|5 or more bedrooms||4.70|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|