Grand Blanc, MI Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grand Blanc, MI Housing Market Trends

With 7,870 people, 3,435 houses or apartments, and a median cost of homes of $242,503, Grand Blanc real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Grand Blanc, accounting for 51.58% of the city's housing units. Other types of housing that are prevalent in Grand Blanc include large apartment complexes or high rise apartments ( 37.69%), row houses and other attached homes ( 6.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.73%).

The most prevalent building size and type in Grand Blanc are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.62% owning and 45.38% renting.

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 ( 33.99%). A lesser amount of the housing stock also hails from before 1939 ( 2.99%). There's also some housing in Grand Blanc built between 2000 and later ( 1.96%).

Grand Blanc Home Appreciation Rates

In the last 10 years, Grand Blanc has experienced some of the highest home appreciation rates of any community in the nation. Grand Blanc real estate appreciated 85.95% over the last ten years, which is an average annual home appreciation rate of 6.40%, putting Grand Blanc in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grand Blanc definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Grand Blanc's appreciation rate, at 9.99%, has been at or slightly above the national average. In the latest quarter, Grand Blanc's appreciation rate has been 2.81%, which annualizes to a rate of 11.74%.

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:
$242,503

Grand Blanc, MI HOME PRICES

> $1,283,000
0.1%
0.1%
$963,001 - $1,283,000
1.9%
1.9%
$642,001 - $963,000
0.0%
0.0%
$513,001 - $642,000
1.4%
1.4%
$385,001 - $513,000
5.0%
5.0%
$257,001 - $385,000
29.5%
29.5%
$128,001 - $257,000
54.3%
54.3%
$64,001 - $128,000
6.3%
6.3%
$0 - $64,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for MI

Value Relative To Nation

Number Of Homes And Apartments:
3,435

Grand Blanc Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
25.03% 1.04%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Owners
54.6%
54.6%
Renters
45.4%
45.4%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.0%
2.0%
1970 - 1999
61.1%
61.1%
1940 - 1969
34.0%
34.0%
1939 or Older
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.6%
51.6%
Townhomes
6.4%
6.4%
Small Apt. Buildings
3.7%
3.7%
Apt. Complexes
37.7%
37.7%
Mobile Homes
0.6%
0.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
23.0%
23.0%
2 Bedrooms
22.9%
22.9%
3 Bedrooms
23.4%
23.4%
4 Bedrooms
27.3%
27.3%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES