Grand Blanc, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Grand Blanc, MI Real Estate Data


Grand Blanc Housing Market Information

With a population of 7,993, 3,500 total housing units (homes and apartments), and a median house value of $166,243, Grand Blanc real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Grand Blanc, accounting for 52.71% of the city's housing units. Other types of housing that are prevalent in Grand Blanc include large apartment complexes or high rise apartments ( 35.83%), row houses and other attached homes ( 5.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.66%).

People in Grand Blanc primarily live in small (one, two or no bedroom) single-family detached homes. Grand Blanc has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Grand Blanc 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 Grand Blanc built between 1940-1969 ( 39.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.22%). There's also some housing in Grand Blanc built before 1939 ( 2.91%).

Grand Blanc Home Appreciation Rates

Grand Blanc's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grand Blanc during the period has been just -1.78%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Grand Blanc's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Grand Blanc's appreciation rate has been 0.78%, which annualizes to a rate of 3.18%.

Notably, Grand Blanc's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Grand Blanc's latest annual appreciation rate is higher 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 Grand Blanc differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grand Blanc - 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 Grand Blanc real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$166,243

Grand Blanc, MI HOME PRICES

Value Range
> $1,274,000 0.0
$956,001 - $1,274,000 0.0
$637,001 - $956,000 0.7
$510,001 - $637,000 0.0
$382,001 - $510,000 2.4
$255,001 - $382,000 10.6
$127,001 - $255,000 57.9
$64,001 - $127,000 25.0
$0 - $64,000 3.4

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
44.2173683902325 28.6858974358974

Number Of Homes And Apartments:
3,500

Rent & Ownership

 

Average Market Rent:
$995 / per month

Homeownership Rate

Homeownership
Owners 56.51
Renters 43.49
Vacant 6.54

Housing Market Details

 

Age of Homes

AGE OF Grand Blanc HOMES
2000 or Newer 4.2
1970 - 1999 53.2
1940 - 1969 39.7
1939 or Older 2.9

Types of Homes

TYPE OF Grand Blanc HOMES
Single-Family 52.7
Townhomes 5.8
Small Apt. Buildings 5.7
Apt. Complexes 35.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Grand Blanc HOMES
No Bedroom 0.67
1 Bedroom 15.78
2 Bedrooms 32.31
3 Bedrooms 23.79
4 Bedrooms 24.94
5 or more bedrooms 2.51

Grand Blanc 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
-10.09% -0.62% 2 1
* 10 is highest