Grand Ledge, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Grand Ledge Neighborhoods Since 2000




Grand Ledge, 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 Ledge Housing Market Information

With a population of 7,789, 3,478 total housing units (homes and apartments), and a median house value of $161,823, Grand Ledge 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 Ledge, accounting for 56.76% of the city's housing units. Other types of housing that are prevalent in Grand Ledge include large apartment complexes or high rise apartments ( 24.56%), mobile homes or trailers ( 8.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.07%).

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

There is a lot of housing in Grand Ledge 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 Ledge built between 1940-1969 ( 22.97%). A lesser amount of the housing stock also hails from before 1939 ( 22.41%). There's also some housing in Grand Ledge built between 2000 and later ( 12.33%).

Grand Ledge Home Appreciation Rates

Real estate appreciation rates in Grand Ledge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.74% during the period.

Appreciation rates are so strong in Grand Ledge that despite a nationwide downturn in the housing market, Grand Ledge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grand Ledge appreciation rates continue to be some of the highest in America, at 9.61%, which is higher than appreciation rates in 92.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grand Ledge. Grand Ledge appreciation rates in the latest quarter were at 1.36%, which equates to an annual appreciation rate of 5.54%.

Relative to Michigan, our data show that Grand Ledge's latest annual appreciation rate is higher than 80% 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 Ledge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grand Ledge - 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 Ledge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$161,823

Grand Ledge, MI HOME PRICES

Value Range
> $1,169,000 0.0
$877,001 - $1,169,000 0.0
$584,001 - $877,000 0.0
$468,001 - $584,000 0.5
$351,001 - $468,000 2.2
$234,001 - $351,000 14.9
$117,001 - $234,000 51.7
$58,001 - $117,000 18.2
$0 - $58,000 12.5

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
44.8552677838978 30.7692307692308

Number Of Homes And Apartments:
3,478

Grand Ledge 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
6.07% 0.34% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$884 / per month

Homeownership Rate

Homeownership
Owners 60.83
Renters 39.17
Vacant 7.75

Housing Market Details

 

Age of Homes

AGE OF Grand Ledge HOMES
2000 or Newer 12.3
1970 - 1999 42.3
1940 - 1969 23.0
1939 or Older 22.4

Types of Homes

TYPE OF Grand Ledge HOMES
Single-Family 56.8
Townhomes 3.6
Small Apt. Buildings 6.1
Apt. Complexes 24.6
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF Grand Ledge HOMES
No Bedroom 3.16
1 Bedroom 11.25
2 Bedrooms 35.86
3 Bedrooms 34.64
4 Bedrooms 13.47
5 or more bedrooms 1.62