Grand Blanc, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Grand Blanc, 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

Grand Blanc Housing Market Information

With 7,993 people, 3,422 houses or apartments, and a median cost of homes of $164,838, 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 53.30% of the city's housing units. Other types of housing that are prevalent in Grand Blanc include large apartment complexes or high rise apartments ( 34.18%), row houses and other attached homes ( 6.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.61%).

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 56.69% owning and 43.31% 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 ( 41.68%). A lesser amount of the housing stock also hails from before 1939 ( 2.96%). There's also some housing in Grand Blanc built between 2000 and later ( 2.51%).

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 -1.73%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Grand Blanc's appreciation rate, at 3.65%, has been at or slightly above the national average. In the latest quarter, Grand Blanc's appreciation rate has been 0.16%, which annualizes to a rate of 0.64%.

Relative to Michigan, our data show that Grand Blanc's latest annual appreciation rate is lower than 70% 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:
$164,838

Grand Blanc, MI HOME PRICES

Value Range
> $1,217,000 0.0
$913,001 - $1,217,000 0.0
$609,001 - $913,000 0.0
$487,001 - $609,000 0.0
$365,001 - $487,000 2.8
$243,001 - $365,000 11.0
$122,001 - $243,000 59.0
$61,001 - $122,000 24.0
$0 - $61,000 3.2

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
43.695066213524 28.2051282051282

Number Of Homes And Apartments:
3,422

Grand Blanc 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
-11.39% -0.70% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$802 / per month

Homeownership Rate

Homeownership
Owners 56.69
Renters 43.31
Vacant 8.62

Housing Market Details

 

Age of Homes

AGE OF Grand Blanc HOMES
2000 or Newer 2.5
1970 - 1999 52.8
1940 - 1969 41.7
1939 or Older 3.0

Types of Homes

TYPE OF Grand Blanc HOMES
Single-Family 53.3
Townhomes 6.6
Small Apt. Buildings 5.6
Apt. Complexes 34.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Grand Blanc HOMES
No Bedroom 0.32
1 Bedroom 15.19
2 Bedrooms 33.40
3 Bedrooms 22.06
4 Bedrooms 26.89
5 or more bedrooms 2.14