menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gaylord, MI Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gaylord, MI Housing Market Trends

With 4,356 people, 2,217 houses or apartments, and a median cost of homes of $210,774, 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 37.04% of the city's housing units. Other types of housing that are prevalent in Gaylord include large apartment complexes or high rise apartments ( 36.12%), duplexes, homes converted to apartments or other small apartment buildings ( 25.45%), and a few mobile homes or trailers ( 1.39%).

Gaylord is dominated by renter-occupied one, two, or no bedrooms apartments. 70.98% of Gaylord's dwellings are rentals.

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 2000 and later ( 24.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.67%). There's also some housing in Gaylord built before 1939 ( 9.03%).

Gaylord Home Appreciation Rates

In the last 10 years, Gaylord has experienced some of the highest home appreciation rates of any community in the nation. Gaylord real estate appreciated 115.84% over the last ten years, which is an average annual home appreciation rate of 8.00%, putting Gaylord in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gaylord definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Gaylord that despite a nationwide downturn in the housing market, Gaylord real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gaylord appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 86.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gaylord. Gaylord appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.51%.

Importantly, this makes Gaylord 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 Gaylord's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$210,774

Gaylord, MI Home Prices
> $1,410,000
$1,058,001 - $1,410,000
$705,001 - $1,058,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.5%
0.5%
5.3%
5.3%
20.4%
20.4%
45.8%
45.8%
17.6%
17.6%
10.3%
10.3%
0% 100.0%
% of Homes
Average

for Michigan

Low

for nation

Number of Homes And Apartments:

2,217

Gaylord Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,312 / per month

Homeownership Rate

Owners
Renters
29.0%
29.0%
71.0%
71.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.9%
6.9%
93.1%
93.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.0%
24.0%
50.3%
50.3%
16.7%
16.7%
9.0%
9.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.0%
37.0%
0.0%
0.0%
25.5%
25.5%
36.1%
36.1%
1.4%
1.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
10.4%
10.4%
24.9%
24.9%
30.1%
30.1%
24.4%
24.4%
8.5%
8.5%
1.8%
1.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Gaylord

Zip Codes in Gaylord, MI