Davisburg MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Davisburg Housing Market Information

With 7,907 people, 1,493 houses or apartments, and a median cost of homes of $316,774, 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 73.39% of the town's housing units. Other types of housing that are prevalent in Davisburg include mobile homes or trailers ( 15.23%), row houses and other attached homes ( 4.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.87%).

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 84.59% of Davisburg's homes, and 73.10% 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 ( 19.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.90%). There's also some housing in Davisburg built before 1939 ( 4.30%).

Davisburg Home Appreciation Rates

In the last 10 years, Davisburg has experienced some of the highest home appreciation rates of any community in the nation. Davisburg real estate appreciated 54.38% over the last ten years, which is an average annual home appreciation rate of 4.44%, putting Davisburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Davisburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Davisburg appreciation rates have trailed the rest of the nation. In the last twelve months, Davisburg's appreciation rate has been 3.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Davisburg were at 0.60%, which equates to an annual appreciation rate of 2.42%.

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

Average Home Values

 

Median Home Value:
$316,774

Davisburg, MI HOME PRICES

Value Range
> $1,137,000 2.3
$852,001 - $1,137,000 2.6
$568,001 - $852,000 4.2
$455,001 - $568,000 13.3
$341,001 - $455,000 20.7
$227,001 - $341,000 22.5
$114,001 - $227,000 25.6
$57,001 - $114,000 3.6
$0 - $57,000 5.0

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
18.4116788321168 6.73076923076923

Number Of Homes And Apartments:
1,493

Davisburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
16.05% 0.75%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,414 / per month

Homeownership Rate

Homeownership
Owners 84.59
Renters 15.41
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Davisburg HOMES
2000 or Newer 19.8
1970 - 1999 58.0
1940 - 1969 17.9
1939 or Older 4.3

Types of Homes

TYPE OF Davisburg HOMES
Single-Family 73.4
Townhomes 5.0
Small Apt. Buildings 3.9
Apt. Complexes 2.5
Mobile Homes 15.2
Other 0.0

Home Size

SIZE OF Davisburg HOMES
No Bedroom 0.00
1 Bedroom 2.41
2 Bedrooms 18.15
3 Bedrooms 49.33
4 Bedrooms 23.77
5 or more bedrooms 6.34