Croswell, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Croswell Neighborhoods Since 2000




Croswell, 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

Croswell Housing Market Information

With a population of 2,338, 966 total housing units (homes and apartments), and a median house value of $102,593, house prices in Croswell are solidly below the national average.

Single-family detached homes are the single most common housing type in Croswell, accounting for 67.26% of the city's housing units. Other types of housing that are prevalent in Croswell include large apartment complexes or high rise apartments ( 15.65%), duplexes, homes converted to apartments or other small apartment buildings ( 12.33%), and a few mobile homes or trailers ( 4.00%).

The most prevalent building size and type in Croswell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.97% owning and 44.03% renting.

There is a lot of housing in Croswell 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 Croswell built before 1939 ( 32.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.04%). There's also some housing in Croswell built between 2000 and later ( 10.54%).

Vacant housing appears to be an issue in Croswell. Fully 17.86% of the housing stock is classified as vacant. Left unchecked, vacant Croswell homes and apartments can be a drag on the real estate market, holding Croswell 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.

Croswell Home Appreciation Rates

Homes have actually lost value in Croswell over the last then years, as home values have seen a decline of 22.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Croswell home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

NeighborhoodScout's data show that during the latest twelve months, Croswell's appreciation rate, at 3.32%, has been at or slightly above the national average. In the latest quarter, Croswell's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Croswell's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$102,593

Croswell, MI HOME PRICES

Value Range
> $1,100,000 0.0
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.8
$440,001 - $550,000 0.0
$330,001 - $440,000 2.4
$220,001 - $330,000 7.7
$110,001 - $220,000 34.6
$55,001 - $110,000 36.9
$0 - $55,000 17.5

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
75.8994491972343 73.0769230769231

Number Of Homes And Apartments:
966

Croswell 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
-9.44% -0.57% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 55.97
Renters 44.03
Vacant 17.86

Housing Market Details

 

Age of Homes

AGE OF Croswell HOMES
2000 or Newer 10.5
1970 - 1999 33.6
1940 - 1969 23.0
1939 or Older 32.8

Types of Homes

TYPE OF Croswell HOMES
Single-Family 67.3
Townhomes 0.8
Small Apt. Buildings 12.3
Apt. Complexes 15.6
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Croswell HOMES
No Bedroom 1.45
1 Bedroom 13.35
2 Bedrooms 31.38
3 Bedrooms 41.50
4 Bedrooms 11.39
5 or more bedrooms 0.94

Popular Neighborhoods in Croswell

Zip Codes in Croswell, MI