Flint MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Flint, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Flint Housing Market Information

With 96,448 people, 39,780 houses or apartments, and a median cost of homes of $34,603, 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 78.86% of the city's housing units. Other types of housing that are prevalent in Flint include large apartment complexes or high rise apartments ( 10.50%), duplexes, homes converted to apartments or other small apartment buildings ( 5.40%), and a few row houses and other attached homes ( 3.24%).

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 55.78% owning and 44.22% 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 59.18% of the city's housing hails from this era. Other housing ages represented in Flint include homes built before 1939 ( 23.87%) and housing constructed between 1970-1999 ( 14.98%). There's also some housing in Flint built between 2000 and later ( 1.97%).

Vacant housing appears to be an issue in Flint. Fully 26.17% 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

Homes have actually lost value in Flint over the last then years, as home values have seen a decline of 5.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Flint home appreciation rates at 1.95%, which equates to an annual appreciation rate of 8.01%.

Over the last year, Flint appreciation rates have trailed the rest of the nation. In the last twelve months, Flint's appreciation rate has been -5.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flint were at 1.95%, which equates to an annual appreciation rate of 8.01%.

Importantly, this makes Flint one of the highest appreciating communities in the nation for the latest quarter, and 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 90% 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:
$34,603

Flint, MI HOME PRICES

Value Range
> $1,193,000 0.1
$895,001 - $1,193,000 0.0
$597,001 - $895,000 0.4
$477,001 - $597,000 0.1
$358,001 - $477,000 0.3
$239,001 - $358,000 0.7
$119,001 - $239,000 4.2
$59,001 - $119,000 19.6
$0 - $59,000 74.6

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
99.8890510948905 100.0

Number Of Homes And Apartments:
39,780

Flint Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
-23.43% -1.36%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$920 / per month

Homeownership Rate

Homeownership
Owners 55.78
Renters 44.22
Vacant 26.17

Housing Market Details

 

Age of Homes

AGE OF Flint HOMES
2000 or Newer 2.0
1970 - 1999 15.0
1940 - 1969 59.2
1939 or Older 23.9

Types of Homes

TYPE OF Flint HOMES
Single-Family 78.9
Townhomes 3.2
Small Apt. Buildings 5.4
Apt. Complexes 10.5
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Flint HOMES
No Bedroom 0.90
1 Bedroom 9.36
2 Bedrooms 31.50
3 Bedrooms 45.93
4 Bedrooms 10.14
5 or more bedrooms 2.17