Ecorse, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ecorse Neighborhoods Since 2000




Ecorse, MI Real Estate Data


Ecorse Housing Market Information

With 9,257 people, 3,476 houses or apartments, and a median cost of homes of $54,149, house prices in Ecorse are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Ecorse, accounting for 75.70% of the city's housing units. Other types of housing that are prevalent in Ecorse include duplexes, homes converted to apartments or other small apartment buildings ( 14.38%), large apartment complexes or high rise apartments ( 6.54%), and a few mobile homes or trailers ( 2.03%).

The most prevalent building size and type in Ecorse are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.28% owning and 39.72% renting.

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. Ecorse's housing was primarily built during this period, from the '40s through the '60s. A full 50.58% of the city's housing hails from this era. Other housing ages represented in Ecorse include homes built before 1939 ( 39.03%) and housing constructed between 1970-1999 ( 7.05%). There's also some housing in Ecorse built between 2000 and later ( 3.34%).

Vacant housing appears to be an issue in Ecorse. Fully 26.62% of the housing stock is classified as vacant. Left unchecked, vacant Ecorse homes and apartments can be a drag on the real estate market, holding Ecorse 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.

Ecorse Home Appreciation Rates

Ecorse's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ecorse during the period has been just -1.58%, which is lower than 80% of US communities.

Over the last year, Ecorse appreciation rates have trailed the rest of the nation. In the last twelve months, Ecorse's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ecorse were at 1.97%, which equates to an annual appreciation rate of 8.12%.

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

Average Home Values

 

Median Home Value:
$54,149

Ecorse, MI HOME PRICES

Value Range
> $1,344,000 1.5
$1,008,001 - $1,344,000 0.0
$672,001 - $1,008,000 0.4
$538,001 - $672,000 0.0
$403,001 - $538,000 0.4
$269,001 - $403,000 0.3
$135,001 - $269,000 7.6
$67,001 - $135,000 27.5
$0 - $67,000 62.3

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
99.0630672834807 99.1987179487179

Number Of Homes And Apartments:
3,476

Rent & Ownership

 

Average Market Rent:
$882 / per month

Homeownership Rate

Homeownership
Owners 60.28
Renters 39.72
Vacant 26.62

Housing Market Details

 

Age of Homes

AGE OF Ecorse HOMES
2000 or Newer 3.3
1970 - 1999 7.1
1940 - 1969 50.6
1939 or Older 39.0

Types of Homes

TYPE OF Ecorse HOMES
Single-Family 75.7
Townhomes 1.4
Small Apt. Buildings 14.4
Apt. Complexes 6.5
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Ecorse HOMES
No Bedroom 0.00
1 Bedroom 8.47
2 Bedrooms 40.47
3 Bedrooms 43.99
4 Bedrooms 5.70
5 or more bedrooms 1.37

Ecorse Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
5.72% 0.33% 5 1
* 10 is highest