Fennville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fennville Neighborhoods Since 2000




Fennville, 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

Fennville Housing Market Information

With a population of 1,400, 571 total housing units (homes and apartments), and a median house value of $188,004, Fennville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fennville, accounting for 49.12% of the city's housing units. Other types of housing that are prevalent in Fennville include mobile homes or trailers ( 23.68%), duplexes, homes converted to apartments or other small apartment buildings ( 13.92%), and a few large apartment complexes or high rise apartments ( 12.96%).

The most prevalent building size and type in Fennville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.47% owning and 45.53% renting.

There is a lot of housing in Fennville 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 Fennville built between 1940-1969 ( 16.64%). A lesser amount of the housing stock also hails from before 1939 ( 15.84%). There's also some housing in Fennville built between 2000 and later ( 15.20%).

Fennville Home Appreciation Rates

Real estate appreciation rates in Fennville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Appreciation rates are so strong in Fennville that despite a nationwide downturn in the housing market, Fennville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fennville appreciation rates continue to be some of the highest in America, at 9.31%, which is higher than appreciation rates in 91.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fennville. Fennville appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$188,004

Fennville, MI HOME PRICES

Value Range
> $1,210,000 0.0
$907,001 - $1,210,000 0.0
$605,001 - $907,000 1.5
$484,001 - $605,000 1.5
$363,001 - $484,000 6.1
$242,001 - $363,000 16.0
$121,001 - $242,000 34.4
$61,001 - $121,000 22.9
$0 - $61,000 17.7

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
35.4506035392007 18.5897435897436

Number Of Homes And Apartments:
571

Fennville 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
14.12% 0.77% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 54.47
Renters 45.53
Vacant 8.64

Housing Market Details

 

Age of Homes

AGE OF Fennville HOMES
2000 or Newer 15.2
1970 - 1999 52.3
1940 - 1969 16.6
1939 or Older 15.8

Types of Homes

TYPE OF Fennville HOMES
Single-Family 49.1
Townhomes 0.3
Small Apt. Buildings 13.9
Apt. Complexes 13.0
Mobile Homes 23.7
Other 0.0

Home Size

SIZE OF Fennville HOMES
No Bedroom 1.28
1 Bedroom 11.68
2 Bedrooms 30.08
3 Bedrooms 44.32
4 Bedrooms 12.16
5 or more bedrooms 0.48

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Zip Codes in Fennville, MI