Davisburg, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Davisburg Neighborhoods Since 2000




Davisburg, 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

Davisburg Housing Market Information

With a population of 7,849, 1,461 total housing units (homes and apartments), and a median house value of $226,257, Davisburg real estate is some of the most expensive in Michigan, although Davisburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Davisburg, accounting for 75.20% of the town's housing units. Other types of housing that are prevalent in Davisburg include mobile homes or trailers ( 11.73%), row houses and other attached homes ( 6.33%), and a few large apartment complexes or high rise apartments ( 5.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Davisburg. Owner-occupied housing accounts for 88.68% of Davisburg's homes, and 68.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Davisburg 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 Davisburg built between 2000 and later ( 18.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.05%). There's also some housing in Davisburg built before 1939 ( 6.29%).

Davisburg Home Appreciation Rates

Real estate appreciation rates in Davisburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.73% during the period.

Appreciation rates are so strong in Davisburg that despite a nationwide downturn in the housing market, Davisburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Davisburg appreciation rates continue to be some of the highest in America, at 7.16%, which is higher than appreciation rates in 82.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Davisburg. Davisburg appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Davisburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Michigan, our data show that Davisburg's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$226,257

Davisburg, MI HOME PRICES

Value Range
> $1,233,000 1.1
$924,001 - $1,233,000 1.9
$616,001 - $924,000 4.8
$493,001 - $616,000 6.4
$370,001 - $493,000 10.9
$246,001 - $370,000 23.4
$123,001 - $246,000 32.8
$62,001 - $123,000 7.9
$0 - $62,000 10.9

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
26.5557248330013 10.7371794871795

Number Of Homes And Apartments:
1,461

Davisburg 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
-1.06% -0.06% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,353 / per month

Homeownership Rate

Homeownership
Owners 88.68
Renters 11.32
Vacant 8.95

Housing Market Details

 

Age of Homes

AGE OF Davisburg HOMES
2000 or Newer 18.5
1970 - 1999 60.1
1940 - 1969 15.0
1939 or Older 6.3

Types of Homes

TYPE OF Davisburg HOMES
Single-Family 75.2
Townhomes 6.3
Small Apt. Buildings 1.7
Apt. Complexes 5.1
Mobile Homes 11.7
Other 0.0

Home Size

SIZE OF Davisburg HOMES
No Bedroom 0.00
1 Bedroom 2.31
2 Bedrooms 21.14
3 Bedrooms 47.32
4 Bedrooms 20.98
5 or more bedrooms 8.25