Goodrich, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Goodrich Neighborhoods Since 2000




Goodrich, 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

Goodrich Housing Market Information

With 1,831 people, 653 houses or apartments, and a median cost of homes of $183,188, Goodrich real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Goodrich, accounting for 86.71% of the village's housing units. Other types of housing that are prevalent in Goodrich include row houses and other attached homes ( 10.43%), large apartment complexes or high rise apartments ( 1.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Goodrich. Owner-occupied housing accounts for 85.65% of Goodrich's homes, and 82.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Goodrich 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 Goodrich built between 2000 and later ( 28.00%). A lesser amount of the housing stock also hails from before 1939 ( 14.71%). There's also some housing in Goodrich built between 1940-1969 ( 14.00%).

Goodrich Home Appreciation Rates

Goodrich's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Goodrich during the period has been just -1.50%, which is lower than 80% of US communities.

Over the last year, Goodrich appreciation rates have trailed the rest of the nation. In the last twelve months, Goodrich's appreciation rate has been 2.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Goodrich were at 0.16%, which equates to an annual appreciation rate of 0.64%.

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

Average Home Values

 

Median Home Value:
$183,188

Goodrich, MI HOME PRICES

Value Range
> $1,216,000 0.0
$912,001 - $1,216,000 0.0
$608,001 - $912,000 0.0
$486,001 - $608,000 1.2
$365,001 - $486,000 3.4
$243,001 - $365,000 18.6
$122,001 - $243,000 56.5
$61,001 - $122,000 17.9
$0 - $61,000 2.3

High for MI
High for Nation

Value Relative to Nation Value Relative to State
37.0561350052736 20.5128205128205

Number Of Homes And Apartments:
653

Goodrich 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
-6.37% -0.38% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,290 / per month

Homeownership Rate

Homeownership
Owners 85.65
Renters 14.35
Vacant 6.71

Housing Market Details

 

Age of Homes

AGE OF Goodrich HOMES
2000 or Newer 28.0
1970 - 1999 43.3
1940 - 1969 14.0
1939 or Older 14.7

Types of Homes

TYPE OF Goodrich HOMES
Single-Family 86.7
Townhomes 10.4
Small Apt. Buildings 1.1
Apt. Complexes 1.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Goodrich HOMES
No Bedroom 1.43
1 Bedroom 2.14
2 Bedrooms 9.14
3 Bedrooms 61.00
4 Bedrooms 21.86
5 or more bedrooms 4.43

Popular Neighborhoods in Goodrich

Zip Codes in Goodrich, MI