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 about Scout's Real Estate Data
With 5,153 people, 2,374 houses or apartments, and a median cost of homes of $301,589, Frankenmuth real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Frankenmuth, accounting for 58.06% of the city's housing units. Other types of housing that are prevalent in Frankenmuth include large apartment complexes or high rise apartments ( 26.01%), row houses and other attached homes ( 10.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.26%).
The most prevalent building size and type in Frankenmuth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.06% owning and 38.94% renting.
There is a lot of housing in Frankenmuth 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 Frankenmuth built between 1940-1969 ( 34.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.79%). There's also some housing in Frankenmuth built before 1939 ( 7.65%).
Real estate appreciation rates in Frankenmuth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.98% during the period.
Appreciation rates are so strong in Frankenmuth that despite a nationwide downturn in the housing market, Frankenmuth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Frankenmuth appreciation rates continue to be some of the highest in America, at 7.20%, which is higher than appreciation rates in 75.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Frankenmuth. Frankenmuth appreciation rates in the latest quarter were at -2.44%, which equates to an annual appreciation rate of -9.42%.
Notably, Frankenmuth's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Michigan, our data show that Frankenmuth's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.
$301,589
for Michigan
for nation
2,374
$1,225 / per month