Dexter, MI Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dexter, MI Housing Market Trends

With a population of 4,715, 1,725 total housing units (homes and apartments), and a median house value of $346,918, 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 67.89% of the village's housing units. Other types of housing that are prevalent in Dexter include large apartment complexes or high rise apartments ( 13.78%), row houses and other attached homes ( 11.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.44%).

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 76.64% of Dexter's homes, and 62.61% 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. 45.56% 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 ( 33.33%), and between 1940-1969 ( 12.50%). There's also some housing in Dexter built before 1939 ( 8.61%).

Dexter Home Appreciation Rates

In the last 10 years, Dexter has experienced some of the highest home appreciation rates of any community in the nation. Dexter real estate appreciated 71.49% over the last ten years, which is an average annual home appreciation rate of 5.54%, putting Dexter in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dexter 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, Dexter appreciation rates have trailed the rest of the nation. In the last twelve months, Dexter's appreciation rate has been 6.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dexter were at 2.15%, which equates to an annual appreciation rate of 8.87%.

Relative to Michigan, our data show that Dexter's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$346,918

Dexter Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
46.36% 1.79%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,561 / per month

Homeownership Rate

Owners
76.6%
76.6%
Renters
23.4%
23.4%
Vacant
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
45.6%
45.6%
1970 - 1999
33.3%
33.3%
1940 - 1969
12.5%
12.5%
1939 or Older
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.9%
67.9%
Townhomes
11.9%
11.9%
Small Apt. Buildings
6.4%
6.4%
Apt. Complexes
13.8%
13.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
3.4%
3.4%
2 Bedrooms
31.6%
31.6%
3 Bedrooms
39.9%
39.9%
4 Bedrooms
22.7%
22.7%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES