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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,520 people, 1,261 houses or apartments, and a median cost of homes of $321,172, Dorr real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Dorr, accounting for 96.25% of the town's housing units. Other types of housing that are prevalent in Dorr include row houses and other attached homes ( 1.84%), mobile homes or trailers ( 1.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dorr. Owner-occupied housing accounts for 97.46% of Dorr's homes, and 90.15% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Dorr 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 Dorr built between 1940-1969 ( 20.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.79%). There's also some housing in Dorr built before 1939 ( 1.84%).
In the last 10 years, Dorr has experienced some of the highest home appreciation rates of any community in the nation. Dorr real estate appreciated 121.00% over the last ten years, which is an average annual home appreciation rate of 8.25%, putting Dorr in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dorr definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Dorr that despite a nationwide downturn in the housing market, Dorr real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dorr appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 85.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dorr. Dorr appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.51%.
Importantly, this makes Dorr 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 Dorr's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.
$321,172
for Michigan
for nation
1,261
$1,694 / per month