Gaylord, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Gaylord Neighborhoods Since 2000




Gaylord, 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

Gaylord Housing Market Information

With 3,660 people, 1,709 houses or apartments, and a median cost of homes of $110,270, house prices in Gaylord are solidly below the national average.

Single-family detached homes are the single most common housing type in Gaylord, accounting for 57.28% of the city's housing units. Other types of housing that are prevalent in Gaylord include large apartment complexes or high rise apartments ( 22.34%), duplexes, homes converted to apartments or other small apartment buildings ( 14.28%), and a few mobile homes or trailers ( 4.14%).

The most prevalent building size and type in Gaylord are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.36% owning and 51.64% renting.

There is a lot of housing in Gaylord 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 Gaylord built between 1940-1969 ( 31.34%). A lesser amount of the housing stock also hails from before 1939 ( 19.35%). There's also some housing in Gaylord built between 2000 and later ( 6.70%).

Gaylord Home Appreciation Rates

Gaylord's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gaylord during the period has been just -1.45%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Gaylord's appreciation rate, at 3.77%, has been at or slightly above the national average. In the latest quarter, Gaylord's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Gaylord's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$110,270

Gaylord, MI HOME PRICES

Value Range
> $1,083,000 0.0
$812,001 - $1,083,000 0.0
$541,001 - $812,000 0.0
$433,001 - $541,000 0.0
$325,001 - $433,000 1.6
$217,001 - $325,000 10.1
$108,001 - $217,000 39.0
$54,001 - $108,000 27.2
$0 - $54,000 22.1

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
71.2469237079574 65.8653846153846

Number Of Homes And Apartments:
1,709

Gaylord 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
-9.89% -0.60% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$829 / per month

Homeownership Rate

Homeownership
Owners 48.36
Renters 51.64
Vacant 6.87

Housing Market Details

 

Age of Homes

AGE OF Gaylord HOMES
2000 or Newer 6.7
1970 - 1999 42.6
1940 - 1969 31.3
1939 or Older 19.3

Types of Homes

TYPE OF Gaylord HOMES
Single-Family 57.3
Townhomes 2.0
Small Apt. Buildings 14.3
Apt. Complexes 22.3
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Gaylord HOMES
No Bedroom 2.13
1 Bedroom 22.23
2 Bedrooms 23.16
3 Bedrooms 33.79
4 Bedrooms 17.17
5 or more bedrooms 1.53

Popular Neighborhoods in Gaylord

Zip Codes in Gaylord, MI