Fraser, MI


Highest Appreciating Fraser Neighborhoods Since 2000

Fraser, 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

Fraser Housing Market Information

With 14,636 people, 6,181 houses or apartments, and a median cost of homes of $164,652, 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 64.29% of the city's housing units. Other types of housing that are prevalent in Fraser include large apartment complexes or high rise apartments ( 17.67%), row houses and other attached homes ( 15.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.69%).

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 71.28% of Fraser's homes, and 62.20% 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 ( 43.83%). A lesser amount of the housing stock also hails from before 1939 ( 3.69%). There's also some housing in Fraser built between 2000 and later ( 3.21%).

Fraser Home Appreciation Rates

Fraser's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fraser during the period has been just -1.07%, which is lower than 70% of US communities.

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 9.14%, which is higher than appreciation rates in 91.17% 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 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Fraser one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Fraser's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values


Median Home Value:


Value Range
> $1,341,000 0.0
$1,005,001 - $1,341,000 0.0
$670,001 - $1,005,000 0.6
$537,001 - $670,000 0.2
$402,001 - $537,000 1.0
$268,001 - $402,000 11.2
$134,001 - $268,000 47.0
$67,001 - $134,000 30.0
$0 - $67,000 10.1

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
43.7771006679948 28.525641025641

Number Of Homes And Apartments:

Fraser Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
-3.20% -0.19% 3 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$853 / per month

Homeownership Rate

Owners 71.28
Renters 28.72
Vacant 6.48

Housing Market Details


Age of Homes

2000 or Newer 3.2
1970 - 1999 49.3
1940 - 1969 43.8
1939 or Older 3.7

Types of Homes

Single-Family 64.3
Townhomes 15.2
Small Apt. Buildings 2.7
Apt. Complexes 17.7
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 0.59
1 Bedroom 10.83
2 Bedrooms 25.42
3 Bedrooms 49.61
4 Bedrooms 12.59
5 or more bedrooms 0.95