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 a population of 14,434, 6,506 total housing units (homes and apartments), and a median house value of $262,493, Fraser 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 Fraser, accounting for 63.53% of the city's housing units. Other types of housing that are prevalent in Fraser include large apartment complexes or high rise apartments ( 19.40%), row houses and other attached homes ( 13.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fraser. Owner-occupied housing accounts for 71.94% of Fraser's homes, and 61.12% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Fraser 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 Fraser built between 1940-1969 ( 43.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.79%). There's also some housing in Fraser built before 1939 ( 1.67%).
Appreciation rates for homes in Fraser have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.98%, which ranks in the top 30% nationwide. This equates to an annual average Fraser house appreciation rate of 7.70%.
Appreciation rates are so strong in Fraser that despite a nationwide downturn in the housing market, Fraser real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fraser appreciation rates continue to be some of the highest in America, at 9.66%, which is higher than appreciation rates in 77.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fraser. Fraser appreciation rates in the latest quarter were at 1.46%, which equates to an annual appreciation rate of 5.96%.
Relative to Michigan, our data show that Fraser's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.
$262,493
for Michigan
for nation
6,506
$1,145 / per month