Gladwin, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gladwin, 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

Gladwin Housing Market Information

With 2,880 people, 1,298 houses or apartments, and a median cost of homes of $88,513, house prices in Gladwin 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 Gladwin, accounting for 65.29% of the city's housing units. Other types of housing that are prevalent in Gladwin include large apartment complexes or high rise apartments ( 25.79%), mobile homes or trailers ( 3.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.58%).

The most prevalent building size and type in Gladwin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.70% owning and 52.30% renting.

There is a lot of housing in Gladwin 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 Gladwin built between 1940-1969 ( 30.25%). A lesser amount of the housing stock also hails from before 1939 ( 16.21%). There's also some housing in Gladwin built between 2000 and later ( 13.17%).

Vacant housing appears to be an issue in Gladwin. Fully 12.36% of the housing stock is classified as vacant. Left unchecked, vacant Gladwin homes and apartments can be a drag on the real estate market, holding Gladwin 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.

Gladwin Home Appreciation Rates

Homes have actually lost value in Gladwin over the last then years, as home values have seen a decline of 20.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Gladwin home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

NeighborhoodScout's data show that during the latest twelve months, Gladwin's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Gladwin's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Gladwin's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gladwin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gladwin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Gladwin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$88,513

Gladwin, MI HOME PRICES

Value Range
> $1,066,000 0.4
$799,001 - $1,066,000 0.0
$533,001 - $799,000 0.1
$426,001 - $533,000 0.9
$320,001 - $426,000 1.6
$213,001 - $320,000 5.4
$107,001 - $213,000 27.3
$53,001 - $107,000 42.5
$0 - $53,000 21.7

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
85.075588890191 86.2179487179487

Number Of Homes And Apartments:
1,298

Gladwin 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
-3.77% -0.22% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$754 / per month

Homeownership Rate

Homeownership
Owners 47.70
Renters 52.30
Vacant 12.36

Housing Market Details

 

Age of Homes

AGE OF Gladwin HOMES
2000 or Newer 13.2
1970 - 1999 40.4
1940 - 1969 30.2
1939 or Older 16.2

Types of Homes

TYPE OF Gladwin HOMES
Single-Family 65.3
Townhomes 1.4
Small Apt. Buildings 3.6
Apt. Complexes 25.8
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Gladwin HOMES
No Bedroom 0.74
1 Bedroom 15.40
2 Bedrooms 29.03
3 Bedrooms 39.70
4 Bedrooms 11.55
5 or more bedrooms 3.58

Popular Communities Near Gladwin, MI

Zip Codes in Gladwin, MI