Dansville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dansville Neighborhoods Since 2000




Dansville, 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

Dansville Housing Market Information

With 556 people, 185 houses or apartments, and a median cost of homes of $182,032, Dansville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dansville, accounting for 93.33% of the village's housing units. Other types of housing that are prevalent in Dansville include row houses and other attached homes ( 4.76%), duplexes, homes converted to apartments or other small apartment buildings ( 1.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dansville. Owner-occupied housing accounts for 83.78% of Dansville's homes, and 68.10% have either three or four bedrooms, which is average sized relative to America.

The housing in Dansville was primarily built before 1939 ( 36.19%), making the housing stock in Dansville some of the oldest overall in America, although there is a range of ages of homes in Dansville. The next most important housing age is between 2000 and later ( 26.67%), followed by between 1970-1999 ( 19.05%). There's also some housing in Dansville built between 1940-1969 ( 18.10%).

Vacant housing appears to be an issue in Dansville. Fully 11.90% of the housing stock is classified as vacant. Left unchecked, vacant Dansville homes and apartments can be a drag on the real estate market, holding Dansville 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.

Dansville Home Appreciation Rates

Dansville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dansville during the period has been just -0.87%, which is lower than 70% of US communities.

Appreciation rates are so strong in Dansville that despite a nationwide downturn in the housing market, Dansville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dansville appreciation rates continue to be some of the highest in America, at 10.22%, which is higher than appreciation rates in 94.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dansville. Dansville appreciation rates in the latest quarter were at 1.36%, which equates to an annual appreciation rate of 5.54%.

Relative to Michigan, our data show that Dansville's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$182,032

Dansville, MI HOME PRICES

Value Range
> $1,189,000 0.7
$892,001 - $1,189,000 0.0
$594,001 - $892,000 0.4
$476,001 - $594,000 1.3
$357,001 - $476,000 7.9
$238,001 - $357,000 23.1
$119,001 - $238,000 45.0
$59,001 - $119,000 10.0
$0 - $59,000 11.6

High for MI
High for Nation

Value Relative to Nation Value Relative to State
37.4780264854096 21.3141025641026

Number Of Homes And Apartments:
185

Dansville 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
9.86% 0.55% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,142 / per month

Homeownership Rate

Homeownership
Owners 83.78
Renters 16.22
Vacant 11.90

Housing Market Details

 

Age of Homes

AGE OF Dansville HOMES
2000 or Newer 26.7
1970 - 1999 19.0
1940 - 1969 18.1
1939 or Older 36.2

Types of Homes

TYPE OF Dansville HOMES
Single-Family 93.3
Townhomes 4.8
Small Apt. Buildings 1.9
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dansville HOMES
No Bedroom 0.95
1 Bedroom 4.29
2 Bedrooms 22.38
3 Bedrooms 47.14
4 Bedrooms 20.95
5 or more bedrooms 4.29