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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 2,895, 1,163 total housing units (homes and apartments), and a median house value of $116,420, house prices in Fowlerville are solidly below the national average.
Single-family detached homes are the single most common housing type in Fowlerville, accounting for 61.66% of the village's housing units. Other types of housing that are prevalent in Fowlerville include mobile homes or trailers ( 17.01%), large apartment complexes or high rise apartments ( 10.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.01%).
The most prevalent building size and type in Fowlerville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.37% owning and 39.63% renting.
There is a lot of housing in Fowlerville 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 Fowlerville built before 1939 ( 29.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.17%). There's also some housing in Fowlerville built between 2000 and later ( 16.40%).
Vacant housing appears to be an issue in Fowlerville. Fully 10.47% of the housing stock is classified as vacant. Left unchecked, vacant Fowlerville homes and apartments can be a drag on the real estate market, holding Fowlerville 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.
Fowlerville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fowlerville during the period has been just -1.15%, which is lower than 70% of US communities.
Appreciation rates are so strong in Fowlerville that despite a nationwide downturn in the housing market, Fowlerville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fowlerville appreciation rates continue to be some of the highest in America, at 9.54%, which is higher than appreciation rates in 92.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fowlerville. Fowlerville appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.
Importantly, this makes Fowlerville one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Michigan, our data show that Fowlerville's latest annual appreciation rate is higher than 80% 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 village. Individual neighborhoods within Fowlerville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fowlerville - 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 Fowlerville real estate investment or home purchase decisions.
|$968,001 - $1,291,000||0.0|
|$646,001 - $968,000||0.0|
|$517,001 - $646,000||0.0|
|$387,001 - $517,000||0.0|
|$258,001 - $387,000||3.8|
|$129,001 - $258,000||44.1|
|$64,001 - $129,000||31.8|
|$0 - $64,000||20.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fowlerville HOMES|
|2000 or Newer||16.4|
|1970 - 1999||33.1|
|1940 - 1969||21.2|
|1939 or Older||29.3|
|TYPE OF Fowlerville HOMES|
|Small Apt. Buildings||7.0|
|SIZE OF Fowlerville HOMES|
|5 or more bedrooms||0.00|