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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Dundee, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Dundee, MI Housing Market Trends

With a population of 5,712, 2,558 total housing units (homes and apartments), and a median house value of $320,165, Dundee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dundee, accounting for 53.18% of the village's housing units. Other types of housing that are prevalent in Dundee include large apartment complexes or high rise apartments ( 28.27%), mobile homes or trailers ( 11.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.71%).

The most prevalent building size and type in Dundee are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.48% owning and 37.52% renting.

Dundee homes and real estate are some of the newest in America. 51.09% of Dundee'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 Dundee real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.71%), and before 1939 ( 13.40%). There's also some housing in Dundee built between 1940-1969 ( 12.81%).

Dundee Home Appreciation Rates

In the last 10 years, Dundee has experienced some of the highest home appreciation rates of any community in the nation. Dundee real estate appreciated 111.38% over the last ten years, which is an average annual home appreciation rate of 7.77%, putting Dundee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dundee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Dundee's appreciation rate, at 6.43%, has been at or slightly above the national average. In the latest quarter, Dundee's appreciation rate has been 2.96%, which annualizes to a rate of 12.36%.

Importantly, this makes Dundee 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 Dundee's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$320,165

Dundee, MI Home Prices
> $1,332,000
$999,001 - $1,332,000
$666,001 - $999,000
$533,001 - $666,000
$399,001 - $533,000
$266,001 - $399,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
2.1%
2.1%
2.4%
2.4%
0.0%
0.0%
0.0%
0.0%
22.9%
22.9%
33.6%
33.6%
20.9%
20.9%
6.1%
6.1%
12.1%
12.1%
0% 100.0%
% of Homes
Very High

for Michigan

High

for nation

Number of Homes And Apartments:

2,558

Dundee Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,531 / per month

Homeownership Rate

Owners
Renters
62.5%
62.5%
37.5%
37.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.9%
5.9%
94.1%
94.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
51.1%
51.1%
22.7%
22.7%
12.8%
12.8%
13.4%
13.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.2%
53.2%
2.2%
2.2%
4.7%
4.7%
28.3%
28.3%
11.6%
11.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
13.2%
13.2%
23.3%
23.3%
39.9%
39.9%
21.3%
21.3%
1.0%
1.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Dundee

Zip Codes in Dundee, MI