Fowlerville, 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

Fowlerville, MI Housing Market Trends

With 2,893 people, 1,245 houses or apartments, and a median cost of homes of $138,907, 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 58.08% of the village's housing units. Other types of housing that are prevalent in Fowlerville include mobile homes or trailers ( 16.47%), large apartment complexes or high rise apartments ( 13.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fowlerville. Owner-occupied housing accounts for 66.62% of Fowlerville's homes, and 58.68% have either three or four bedrooms, which is average sized relative to America.

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 ( 30.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.54%). There's also some housing in Fowlerville built between 2000 and later ( 9.43%).

Fowlerville Home Appreciation Rates

In the last 10 years, Fowlerville has experienced some of the highest home appreciation rates of any community in the nation. Fowlerville real estate appreciated 66.33% over the last ten years, which is an average annual home appreciation rate of 5.22%, putting Fowlerville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fowlerville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Fowlerville's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Fowlerville's appreciation rate has been 2.47%, which annualizes to a rate of 10.27%.

Relative to Michigan, our data show that Fowlerville's latest annual appreciation rate is lower 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.

Average Home Values

 

Median Home Value:
$138,907

Fowlerville, MI HOME PRICES

> $1,162,000
0.0%
0.0%
$872,001 - $1,162,000
0.0%
0.0%
$581,001 - $872,000
0.0%
0.0%
$465,001 - $581,000
0.0%
0.0%
$349,001 - $465,000
0.8%
0.8%
$233,001 - $349,000
3.1%
3.1%
$116,001 - $233,000
53.4%
53.4%
$58,001 - $116,000
21.1%
21.1%
$0 - $58,000
21.5%
21.5%
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:
1,245

Fowlerville 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
10.24% 0.47%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,011 / per month

Homeownership Rate

Owners
66.6%
66.6%
Renters
33.4%
33.4%
Vacant
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.4%
9.4%
1970 - 1999
43.4%
43.4%
1940 - 1969
16.5%
16.5%
1939 or Older
30.6%
30.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.1%
58.1%
Townhomes
5.0%
5.0%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
13.2%
13.2%
Mobile Homes
16.5%
16.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
14.4%
14.4%
2 Bedrooms
25.0%
25.0%
3 Bedrooms
51.4%
51.4%
4 Bedrooms
7.3%
7.3%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES