Flushing, 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

Flushing, MI Housing Market Trends

With a population of 7,880, 3,406 total housing units (homes and apartments), and a median house value of $126,647, house prices in Flushing are solidly below the national average.

Single-family detached homes are the single most common housing type in Flushing, accounting for 71.91% of the city's housing units. Other types of housing that are prevalent in Flushing include large apartment complexes or high rise apartments ( 12.35%), row houses and other attached homes ( 9.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Flushing. Owner-occupied housing accounts for 75.98% of Flushing's homes, and 64.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Flushing 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 Flushing built between 1940-1969 ( 36.68%). A lesser amount of the housing stock also hails from before 1939 ( 13.17%). There's also some housing in Flushing built between 2000 and later ( 7.52%).

Flushing Home Appreciation Rates

Appreciation rates for homes in Flushing have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 48.77%, which ranks in the top 30% nationwide. This equates to an annual average Flushing house appreciation rate of 4.05%.

NeighborhoodScout's data show that during the latest twelve months, Flushing's appreciation rate, at 6.00%, has been at or slightly above the national average. In the latest quarter, Flushing's appreciation rate has been 3.28%, which annualizes to a rate of 13.77%.

Importantly, this makes Flushing 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 Flushing'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 Flushing differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Flushing - 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 Flushing real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$126,647

Flushing, MI HOME PRICES

> $1,171,000
0.0%
0.0%
$878,001 - $1,171,000
0.2%
0.2%
$586,001 - $878,000
0.0%
0.0%
$468,001 - $586,000
1.2%
1.2%
$351,001 - $468,000
1.6%
1.6%
$234,001 - $351,000
5.7%
5.7%
$117,001 - $234,000
57.5%
57.5%
$58,001 - $117,000
27.6%
27.6%
$0 - $58,000
6.1%
6.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for MI

Value Relative To Nation

Number Of Homes And Apartments:
3,406

Flushing 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
11.17% 0.51%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$951 / per month

Homeownership Rate

Owners
76.0%
76.0%
Renters
24.0%
24.0%
Vacant
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.5%
7.5%
1970 - 1999
42.6%
42.6%
1940 - 1969
36.7%
36.7%
1939 or Older
13.2%
13.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.9%
71.9%
Townhomes
9.3%
9.3%
Small Apt. Buildings
4.8%
4.8%
Apt. Complexes
12.3%
12.3%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.6%
3.6%
1 Bedroom
8.3%
8.3%
2 Bedrooms
21.1%
21.1%
3 Bedrooms
45.9%
45.9%
4 Bedrooms
18.2%
18.2%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES