Edwardsburg, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Edwardsburg, 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

Edwardsburg Housing Market Information

With 1,227 people, 446 houses or apartments, and a median cost of homes of $182,188, Edwardsburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Edwardsburg, accounting for 54.93% of the village's housing units. Other types of housing that are prevalent in Edwardsburg include large apartment complexes or high rise apartments ( 20.72%), mobile homes or trailers ( 19.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.23%).

People in Edwardsburg primarily live in small (one, two or no bedroom) single-family detached homes. Edwardsburg has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Edwardsburg 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 Edwardsburg built between 1940-1969 ( 25.96%). A lesser amount of the housing stock also hails from before 1939 ( 23.74%). There's also some housing in Edwardsburg built between 2000 and later ( 9.26%).

Vacant housing appears to be an issue in Edwardsburg. Fully 10.26% of the housing stock is classified as vacant. Left unchecked, vacant Edwardsburg homes and apartments can be a drag on the real estate market, holding Edwardsburg 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.

Edwardsburg Home Appreciation Rates

Appreciation rates for homes in Edwardsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.75%, which ranks in the top 50% nationwide. This equates to an annual average Edwardsburg house appreciation rate of 0.07%.

NeighborhoodScout's data show that during the latest twelve months, Edwardsburg's appreciation rate, at 3.51%, has been at or slightly above the national average. In the latest quarter, Edwardsburg's appreciation rate has been 1.40%, which annualizes to a rate of 5.73%.

Relative to Michigan, our data show that Edwardsburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$182,188

Edwardsburg, MI HOME PRICES

Value Range
> $1,112,000 0.8
$834,001 - $1,112,000 0.8
$556,001 - $834,000 5.4
$445,001 - $556,000 3.3
$334,001 - $445,000 14.8
$222,001 - $334,000 12.3
$111,001 - $222,000 38.6
$56,001 - $111,000 17.0
$0 - $56,000 7.0

High for MI
High for Nation

Value Relative to Nation Value Relative to State
37.4194304465018 21.1538461538462

Number Of Homes And Apartments:
446

Edwardsburg 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
24.95% 1.30% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,002 / per month

Homeownership Rate

Homeownership
Owners 60.99
Renters 39.01
Vacant 10.26

Housing Market Details

 

Age of Homes

AGE OF Edwardsburg HOMES
2000 or Newer 9.3
1970 - 1999 41.0
1940 - 1969 26.0
1939 or Older 23.7

Types of Homes

TYPE OF Edwardsburg HOMES
Single-Family 54.9
Townhomes 0.0
Small Apt. Buildings 5.2
Apt. Complexes 20.7
Mobile Homes 19.1
Other 0.0

Home Size

SIZE OF Edwardsburg HOMES
No Bedroom 0.00
1 Bedroom 21.53
2 Bedrooms 30.38
3 Bedrooms 37.22
4 Bedrooms 10.87
5 or more bedrooms 0.00

Popular Neighborhoods in Edwardsburg

Zip Codes in Edwardsburg, MI