Gladstone, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gladstone, MI Real Estate Data


Gladstone Housing Market Information

With a population of 4,830, 1,943 total housing units (homes and apartments), and a median house value of $95,443, house prices in Gladstone are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Gladstone, accounting for 78.88% of the city's housing units. Other types of housing that are prevalent in Gladstone include large apartment complexes or high rise apartments ( 9.52%), mobile homes or trailers ( 5.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gladstone. Owner-occupied housing accounts for 74.88% of Gladstone's homes, and 60.99% have either three or four bedrooms, which is average sized relative to America.

The housing in Gladstone was primarily built before 1939 ( 31.32%), making the housing stock in Gladstone some of the oldest overall in America, although there is a range of ages of homes in Gladstone. The next most important housing age is between 1940-1969 ( 27.62%), followed by between 1970-1999 ( 26.05%). There's also some housing in Gladstone built between 2000 and later ( 15.00%).

Vacant housing appears to be an issue in Gladstone. Fully 17.42% of the housing stock is classified as vacant. Left unchecked, vacant Gladstone homes and apartments can be a drag on the real estate market, holding Gladstone real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Gladstone Home Appreciation Rates

Real estate appreciation rates in Gladstone's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.11% during the period.

Over the last year, Gladstone appreciation rates have trailed the rest of the nation. In the last twelve months, Gladstone's appreciation rate has been 3.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gladstone were at 1.43%, which equates to an annual appreciation rate of 5.84%.

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

Average Home Values

 

Median Home Value:
$95,443

Gladstone, MI HOME PRICES

Value Range
> $1,094,000 0.0
$821,001 - $1,094,000 0.0
$547,001 - $821,000 0.3
$437,001 - $547,000 0.8
$328,001 - $437,000 0.8
$219,001 - $328,000 6.6
$109,001 - $219,000 27.4
$55,001 - $109,000 48.0
$0 - $55,000 15.9

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
81.8235052995257 83.1730769230769

Number Of Homes And Apartments:
1,943

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 74.88
Renters 25.12
Vacant 17.42

Housing Market Details

 

Age of Homes

AGE OF Gladstone HOMES
2000 or Newer 15.0
1970 - 1999 26.1
1940 - 1969 27.6
1939 or Older 31.3

Types of Homes

TYPE OF Gladstone HOMES
Single-Family 78.9
Townhomes 2.5
Small Apt. Buildings 4.0
Apt. Complexes 9.5
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Gladstone HOMES
No Bedroom 0.00
1 Bedroom 13.47
2 Bedrooms 23.63
3 Bedrooms 41.56
4 Bedrooms 19.42
5 or more bedrooms 1.91

Gladstone Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
17.10% 0.93% 7 2
* 10 is highest

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