Freeland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Freeland Neighborhoods Since 2000




Freeland, 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

Freeland Housing Market Information

With a population of 7,028, 2,167 total housing units (homes and apartments), and a median house value of $170,592, Freeland 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 Freeland, accounting for 80.33% of the town's housing units. Other types of housing that are prevalent in Freeland include row houses and other attached homes ( 11.98%), mobile homes or trailers ( 4.42%), and a few large apartment complexes or high rise apartments ( 1.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Freeland. Owner-occupied housing accounts for 65.68% of Freeland's homes, and 77.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Freeland 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 Freeland built between 2000 and later ( 38.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.83%). There's also some housing in Freeland built before 1939 ( 3.36%).

Freeland Home Appreciation Rates

Real estate appreciation rates in Freeland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, Freeland appreciation rates have trailed the rest of the nation. In the last twelve months, Freeland's appreciation rate has been -0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Freeland were at -2.71%, which equates to an annual appreciation rate of -10.42%.

Notably, Freeland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Freeland's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$170,592

Freeland, MI HOME PRICES

Value Range
> $1,047,000 0.7
$785,001 - $1,047,000 0.3
$523,001 - $785,000 0.0
$419,001 - $523,000 0.4
$314,001 - $419,000 4.9
$209,001 - $314,000 18.7
$105,001 - $209,000 57.9
$52,001 - $105,000 9.3
$0 - $52,000 7.7

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
41.4449783194656 25.8012820512821

Number Of Homes And Apartments:
2,167

Freeland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
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
-0.67% -0.04% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,297 / per month

Homeownership Rate

Homeownership
Owners 65.68
Renters 34.32
Vacant 4.20

Housing Market Details

 

Age of Homes

AGE OF Freeland HOMES
2000 or Newer 38.7
1970 - 1999 39.1
1940 - 1969 18.8
1939 or Older 3.4

Types of Homes

TYPE OF Freeland HOMES
Single-Family 80.3
Townhomes 12.0
Small Apt. Buildings 1.5
Apt. Complexes 1.8
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Freeland HOMES
No Bedroom 0.75
1 Bedroom 1.50
2 Bedrooms 16.36
3 Bedrooms 53.58
4 Bedrooms 24.05
5 or more bedrooms 3.76

Popular Neighborhoods in Freeland

Zip Codes in Freeland, MI