East China, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating East China Neighborhoods Since 2000




East China, 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

East China Housing Market Information

With a population of 7,220, 1,420 total housing units (homes and apartments), and a median house value of $173,223, East China real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in East China, accounting for 89.28% of the town's housing units. Other types of housing that are prevalent in East China include large apartment complexes or high rise apartments ( 6.59%), row houses and other attached homes ( 1.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East China. Owner-occupied housing accounts for 82.35% of East China's homes, and 74.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in East China 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 East China built between 1940-1969 ( 21.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.87%). There's also some housing in East China built before 1939 ( 10.28%).

East China Home Appreciation Rates

East China's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East China during the period has been just -1.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, East China's appreciation rate, at 4.26%, has been at or slightly above the national average. In the latest quarter, East China's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.

Importantly, this makes East China 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 East China's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$173,223

East China, MI HOME PRICES

Value Range
> $1,166,000 1.2
$874,001 - $1,166,000 1.6
$583,001 - $874,000 0.6
$466,001 - $583,000 0.9
$350,001 - $466,000 7.3
$233,001 - $350,000 29.1
$117,001 - $233,000 43.2
$58,001 - $117,000 9.2
$0 - $58,000 6.8

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
40.5250205086136 24.8397435897436

Number Of Homes And Apartments:
1,420

East China 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
-5.35% -0.32% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,258 / per month

Homeownership Rate

Homeownership
Owners 82.35
Renters 17.65
Vacant 7.07

Housing Market Details

 

Age of Homes

AGE OF East China HOMES
2000 or Newer 15.9
1970 - 1999 52.5
1940 - 1969 21.3
1939 or Older 10.3

Types of Homes

TYPE OF East China HOMES
Single-Family 89.3
Townhomes 2.0
Small Apt. Buildings 1.1
Apt. Complexes 6.6
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF East China HOMES
No Bedroom 1.19
1 Bedroom 5.31
2 Bedrooms 17.90
3 Bedrooms 55.76
4 Bedrooms 18.45
5 or more bedrooms 1.39

Popular Neighborhoods in East China

Zip Codes in East China, MI