Eau Claire, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eau Claire, 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

Eau Claire Housing Market Information

With a population of 618, 208 total housing units (homes and apartments), and a median house value of $158,571, Eau Claire 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 Eau Claire, accounting for 75.95% of the village's housing units. Other types of housing that are prevalent in Eau Claire include duplexes, homes converted to apartments or other small apartment buildings ( 17.56%), row houses and other attached homes ( 4.58%), and a few mobile homes or trailers ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eau Claire. Owner-occupied housing accounts for 70.19% of Eau Claire's homes, and 64.50% have either three or four bedrooms, which is average sized relative to America.

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. Eau Claire's housing was primarily built during this period, from the '40s through the '60s. A full 35.50% of the village's housing hails from this era. Other housing ages represented in Eau Claire include homes built before 1939 ( 29.77%) and housing constructed between 1970-1999 ( 29.39%). There's also some housing in Eau Claire built between 2000 and later ( 5.34%).

Vacant housing appears to be an issue in Eau Claire. Fully 20.61% of the housing stock is classified as vacant. Left unchecked, vacant Eau Claire homes and apartments can be a drag on the real estate market, holding Eau Claire 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.

Eau Claire Home Appreciation Rates

Real estate appreciation rates in Eau Claire's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.41% during the period.

NeighborhoodScout's data show that during the latest twelve months, Eau Claire's appreciation rate, at 4.15%, has been at or slightly above the national average. In the latest quarter, Eau Claire's appreciation rate has been 0.27%, which annualizes to a rate of 1.07%.

Relative to Michigan, our data show that Eau Claire's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$158,571

Eau Claire, MI HOME PRICES

Value Range
> $1,089,000 0.0
$817,001 - $1,089,000 0.0
$544,001 - $817,000 0.7
$435,001 - $544,000 1.9
$326,001 - $435,000 3.5
$218,001 - $326,000 19.8
$109,001 - $218,000 45.6
$54,001 - $109,000 17.8
$0 - $54,000 10.8

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
46.2908707371382 32.0512820512821

Number Of Homes And Apartments:
208

Eau Claire 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
21.46% 1.13% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,010 / per month

Homeownership Rate

Homeownership
Owners 70.19
Renters 29.81
Vacant 20.61

Housing Market Details

 

Age of Homes

AGE OF Eau Claire HOMES
2000 or Newer 5.3
1970 - 1999 29.4
1940 - 1969 35.5
1939 or Older 29.8

Types of Homes

TYPE OF Eau Claire HOMES
Single-Family 76.0
Townhomes 4.6
Small Apt. Buildings 17.6
Apt. Complexes 0.0
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Eau Claire HOMES
No Bedroom 2.29
1 Bedroom 12.21
2 Bedrooms 19.08
3 Bedrooms 55.34
4 Bedrooms 9.16
5 or more bedrooms 1.91

Popular Neighborhoods in Eau Claire

Zip Codes in Eau Claire, MI