Flint, MI Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Flint, MI Housing Market Trends

With 95,538 people, 40,362 houses or apartments, and a median cost of homes of $38,622, house prices in Flint 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 Flint, accounting for 78.49% of the city's housing units. Other types of housing that are prevalent in Flint include large apartment complexes or high rise apartments ( 10.26%), duplexes, homes converted to apartments or other small apartment buildings ( 5.16%), and a few row houses and other attached homes ( 4.06%).

The most prevalent building size and type in Flint are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.31% owning and 44.69% 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. Flint's housing was primarily built during this period, from the '40s through the '60s. A full 58.03% of the city's housing hails from this era. Other housing ages represented in Flint include homes built before 1939 ( 24.15%) and housing constructed between 1970-1999 ( 15.53%). There's also some housing in Flint built between 2000 and later ( 2.29%).

Vacant housing appears to be an issue in Flint. Fully 25.32% of the housing stock is classified as vacant. Left unchecked, vacant Flint homes and apartments can be a drag on the real estate market, holding Flint 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.

Flint Home Appreciation Rates

Real estate appreciation rates in Flint's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.13% during the period.

NeighborhoodScout's data show that during the latest twelve months, Flint's appreciation rate, at 6.10%, has been at or slightly above the national average. In the latest quarter, Flint's appreciation rate has been 3.37%, which annualizes to a rate of 14.17%.

Importantly, NeighborhoodScout’s exclusive research found that Flint's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Michigan, our data show that Flint's latest annual appreciation rate is lower than 50% 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 Flint differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Flint - 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 Flint real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$38,622

Flint, MI HOME PRICES

> $1,141,000
0.1%
0.1%
$856,001 - $1,141,000
0.0%
0.0%
$571,001 - $856,000
0.5%
0.5%
$457,001 - $571,000
0.3%
0.3%
$343,001 - $457,000
0.5%
0.5%
$228,001 - $343,000
0.9%
0.9%
$114,001 - $228,000
5.1%
5.1%
$57,001 - $114,000
20.2%
20.2%
$0 - $57,000
72.4%
72.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for MI

Value Relative To Nation

Number Of Homes And Apartments:
40,362

Flint Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
-16.89% -0.88%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$909 / per month

Homeownership Rate

Owners
55.3%
55.3%
Renters
44.7%
44.7%
Vacant
25.3%
25.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.3%
2.3%
1970 - 1999
15.5%
15.5%
1940 - 1969
58.0%
58.0%
1939 or Older
24.1%
24.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.5%
78.5%
Townhomes
4.1%
4.1%
Small Apt. Buildings
5.2%
5.2%
Apt. Complexes
10.3%
10.3%
Mobile Homes
2.0%
2.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
9.3%
9.3%
2 Bedrooms
32.3%
32.3%
3 Bedrooms
44.1%
44.1%
4 Bedrooms
11.1%
11.1%
5 or more bedrooms
2.2%
2.2%
0.0% 100.0%
% OF HOMES