menu
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.



East Tawas, 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

East Tawas, MI Housing Market Trends

With a population of 2,694, 1,488 total housing units (homes and apartments), and a median house value of $181,842, house prices in East Tawas are solidly below the national average.

Single-family detached homes are the single most common housing type in East Tawas, accounting for 75.35% of the city's housing units. Other types of housing that are prevalent in East Tawas include large apartment complexes or high rise apartments ( 17.85%), duplexes, homes converted to apartments or other small apartment buildings ( 4.13%), and a few row houses and other attached homes ( 1.39%).

Dwellings in East Tawas tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.89% of the homes in East Tawas have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. East Tawas's housing was primarily built during this period, from the '40s through the '60s. A full 37.67% of the city's housing hails from this era. Other housing ages represented in East Tawas include homes built between 1970-1999 ( 32.48%) and housing constructed between 2000 and later ( 14.95%). There's also some housing in East Tawas built before 1939 ( 14.90%).

Vacant housing appears to be an issue in East Tawas. Fully 20.26% of the housing stock is classified as vacant. Left unchecked, vacant East Tawas homes and apartments can be a drag on the real estate market, holding East Tawas real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

East Tawas Home Appreciation Rates

Appreciation rates for homes in East Tawas have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.63%, which ranks in the top 30% nationwide. This equates to an annual average East Tawas house appreciation rate of 7.37%.

Appreciation rates are so strong in East Tawas that despite a nationwide downturn in the housing market, East Tawas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, East Tawas appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 86.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in East Tawas. East Tawas appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.51%.

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

Relative to Michigan, our data show that East Tawas's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$181,842

East Tawas, MI Home Prices
> $1,384,000
$1,038,001 - $1,384,000
$692,001 - $1,038,000
$554,001 - $692,000
$415,001 - $554,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
0.4%
0.4%
0.0%
0.0%
0.7%
0.7%
3.4%
3.4%
5.2%
5.2%
14.5%
14.5%
39.4%
39.4%
30.5%
30.5%
5.8%
5.8%
0% 100.0%
% of Homes
Low

for Michigan

Low

for nation

Number of Homes And Apartments:

1,488

East Tawas Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,074 / per month

Homeownership Rate

Owners
Renters
66.4%
66.4%
33.6%
33.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.3%
20.3%
79.7%
79.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.0%
15.0%
32.5%
32.5%
37.7%
37.7%
14.9%
14.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.3%
75.3%
1.4%
1.4%
4.1%
4.1%
17.8%
17.8%
1.3%
1.3%
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
7.0%
7.0%
13.2%
13.2%
32.7%
32.7%
37.8%
37.8%
7.1%
7.1%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in East Tawas

Popular Communities Near East Tawas, MI

Zip Codes in East Tawas, MI