Dexter, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dexter Neighborhoods Since 2000




Dexter, 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

Dexter Housing Market Information

With a population of 4,553, 1,765 total housing units (homes and apartments), and a median house value of $299,858, Dexter real estate is some of the most expensive in Michigan, although Dexter home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Dexter, accounting for 68.26% of the village's housing units. Other types of housing that are prevalent in Dexter include large apartment complexes or high rise apartments ( 17.96%), row houses and other attached homes ( 9.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dexter. Owner-occupied housing accounts for 69.35% of Dexter's homes, and 60.81% have either three or four bedrooms, which is average sized relative to America.

Dexter homes and real estate are some of the newest in America. 46.60% of Dexter's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Dexter real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.99%), and between 1940-1969 ( 12.03%). There's also some housing in Dexter built before 1939 ( 11.38%).

Dexter Home Appreciation Rates

Appreciation rates for homes in Dexter have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.47%, which ranks in the top 40% nationwide. This equates to an annual average Dexter house appreciation rate of 0.82%.

Appreciation rates are so strong in Dexter that despite a nationwide downturn in the housing market, Dexter real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dexter appreciation rates continue to be some of the highest in America, at 7.37%, which is higher than appreciation rates in 83.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dexter. Dexter appreciation rates in the latest quarter were at 2.57%, which equates to an annual appreciation rate of 10.67%.

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

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

Average Home Values

 

Median Home Value:
$299,858

Dexter, MI HOME PRICES

Value Range
> $1,243,000 1.8
$932,001 - $1,243,000 1.0
$621,001 - $932,000 2.7
$497,001 - $621,000 8.8
$372,001 - $497,000 15.2
$249,001 - $372,000 37.7
$124,001 - $249,000 27.6
$62,001 - $124,000 3.9
$0 - $62,000 1.4

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
16.2955584202508 4.80769230769231

Number Of Homes And Apartments:
1,765

Dexter 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
20.01% 1.06% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,447 / per month

Homeownership Rate

Homeownership
Owners 69.35
Renters 30.65
Vacant 3.92

Housing Market Details

 

Age of Homes

AGE OF Dexter HOMES
2000 or Newer 46.6
1970 - 1999 30.0
1940 - 1969 12.0
1939 or Older 11.4

Types of Homes

TYPE OF Dexter HOMES
Single-Family 68.3
Townhomes 9.3
Small Apt. Buildings 4.5
Apt. Complexes 18.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dexter HOMES
No Bedroom 1.47
1 Bedroom 9.25
2 Bedrooms 24.39
3 Bedrooms 38.65
4 Bedrooms 22.16
5 or more bedrooms 4.08