Gladstone, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gladstone, 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

Gladstone Housing Market Information

With 4,830 people, 2,032 houses or apartments, and a median cost of homes of $86,524, 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 79.86% of the city's housing units. Other types of housing that are prevalent in Gladstone include large apartment complexes or high rise apartments ( 7.46%), mobile homes or trailers ( 4.93%), and a few row houses and other attached homes ( 4.21%).

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 75.78% of Gladstone's homes, and 63.46% have either three or four bedrooms, which is average sized relative to America.

The housing in Gladstone was primarily built before 1939 ( 36.54%), 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 ( 24.65%), followed by between 1970-1999 ( 23.94%). There's also some housing in Gladstone built between 2000 and later ( 14.88%).

Vacant housing appears to be an issue in Gladstone. Fully 14.37% 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 -0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Gladstone's appreciation rate, at 3.23%, has been at or slightly above the national average. In the latest quarter, Gladstone's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Gladstone's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$86,524

Gladstone, MI HOME PRICES

Value Range
> $1,066,000 0.0
$799,001 - $1,066,000 0.0
$533,001 - $799,000 0.3
$426,001 - $533,000 0.1
$320,001 - $426,000 1.5
$213,001 - $320,000 8.5
$107,001 - $213,000 27.5
$53,001 - $107,000 45.5
$0 - $53,000 16.6

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
86.4525958045236 88.1410256410256

Number Of Homes And Apartments:
2,032

Gladstone 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
16.60% 0.89% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$704 / per month

Homeownership Rate

Homeownership
Owners 75.78
Renters 24.22
Vacant 14.37

Housing Market Details

 

Age of Homes

AGE OF Gladstone HOMES
2000 or Newer 14.9
1970 - 1999 23.9
1940 - 1969 24.7
1939 or Older 36.5

Types of Homes

TYPE OF Gladstone HOMES
Single-Family 79.9
Townhomes 4.2
Small Apt. Buildings 3.5
Apt. Complexes 7.5
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Gladstone HOMES
No Bedroom 0.00
1 Bedroom 11.34
2 Bedrooms 23.18
3 Bedrooms 44.04
4 Bedrooms 19.43
5 or more bedrooms 2.02

Popular Neighborhoods in Gladstone

Popular Communities Near Gladstone, MI

Zip Codes in Gladstone, MI