Flushing, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Flushing Neighborhoods Since 2000




Flushing, 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

Flushing Housing Market Information

With 8,086 people, 3,385 houses or apartments, and a median cost of homes of $126,327, 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 69.95% of the city's housing units. Other types of housing that are prevalent in Flushing include large apartment complexes or high rise apartments ( 14.03%), row houses and other attached homes ( 6.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.79%).

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 69.89% of Flushing's homes, and 59.02% 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 ( 36.55%). A lesser amount of the housing stock also hails from before 1939 ( 9.57%). There's also some housing in Flushing built between 2000 and later ( 9.22%).

Flushing Home Appreciation Rates

Flushing's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Flushing during the period has been just -1.37%, which is lower than 80% of US communities.

Over the last year, Flushing appreciation rates have trailed the rest of the nation. In the last twelve months, Flushing's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flushing were at 0.16%, which equates to an annual appreciation rate of 0.64%.

Relative to Michigan, our data show that Flushing's latest annual appreciation rate is lower than 70% 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:
$126,327

Flushing, MI HOME PRICES

Value Range
> $1,191,000 0.0
$894,001 - $1,191,000 0.0
$596,001 - $894,000 0.0
$476,001 - $596,000 1.2
$357,001 - $476,000 0.8
$239,001 - $357,000 4.5
$119,001 - $239,000 53.8
$60,001 - $119,000 33.4
$0 - $60,000 6.3

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
61.7895230282433 53.3653846153846

Number Of Homes And Apartments:
3,385

Flushing 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
-9.18% -0.56% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$692 / per month

Homeownership Rate

Homeownership
Owners 69.89
Renters 30.11
Vacant 7.94

Housing Market Details

 

Age of Homes

AGE OF Flushing HOMES
2000 or Newer 9.2
1970 - 1999 44.7
1940 - 1969 36.6
1939 or Older 9.6

Types of Homes

TYPE OF Flushing HOMES
Single-Family 69.9
Townhomes 6.8
Small Apt. Buildings 5.8
Apt. Complexes 14.0
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Flushing HOMES
No Bedroom 1.99
1 Bedroom 11.31
2 Bedrooms 24.69
3 Bedrooms 41.64
4 Bedrooms 17.38
5 or more bedrooms 2.99