Fenton, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fenton, 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

Fenton Housing Market Information

With a population of 11,442, 4,769 total housing units (homes and apartments), and a median house value of $120,285, house prices in Fenton are solidly below the national average.

Single-family detached homes are the single most common housing type in Fenton, accounting for 56.89% of the city's housing units. Other types of housing that are prevalent in Fenton include large apartment complexes or high rise apartments ( 27.48%), row houses and other attached homes ( 9.08%), and a few mobile homes or trailers ( 5.82%).

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

There is a lot of housing in Fenton 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 Fenton built between 1940-1969 ( 27.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.91%). There's also some housing in Fenton built before 1939 ( 10.65%).

Fenton Home Appreciation Rates

Fenton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fenton during the period has been just -1.88%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Fenton's appreciation rate, at 3.70%, has been at or slightly above the national average. In the latest quarter, Fenton's appreciation rate has been 0.16%, which annualizes to a rate of 0.64%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fenton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fenton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fenton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$120,285

Fenton, MI HOME PRICES

Value Range
> $1,204,000 0.0
$903,001 - $1,204,000 0.0
$602,001 - $903,000 0.0
$482,001 - $602,000 0.0
$361,001 - $482,000 0.0
$241,001 - $361,000 3.8
$120,001 - $241,000 47.0
$60,001 - $120,000 38.3
$0 - $60,000 10.8

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
65.2291105121294 58.8141025641026

Number Of Homes And Apartments:
4,769

Fenton 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
-3.91% -0.23% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,116 / per month

Homeownership Rate

Homeownership
Owners 57.15
Renters 42.85
Vacant 7.52

Housing Market Details

 

Age of Homes

AGE OF Fenton HOMES
2000 or Newer 16.9
1970 - 1999 45.1
1940 - 1969 27.4
1939 or Older 10.6

Types of Homes

TYPE OF Fenton HOMES
Single-Family 56.9
Townhomes 9.1
Small Apt. Buildings 0.7
Apt. Complexes 27.5
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Fenton HOMES
No Bedroom 0.52
1 Bedroom 9.54
2 Bedrooms 41.23
3 Bedrooms 37.83
4 Bedrooms 10.39
5 or more bedrooms 0.48