Hale, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hale Neighborhoods Since 2000




Hale, 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

Hale Housing Market Information

With 3,518 people, 828 houses or apartments, and a median cost of homes of $90,498, house prices in Hale are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Hale, accounting for 90.21% of the town's housing units. Other types of housing that are prevalent in Hale include mobile homes or trailers ( 8.22%), large apartment complexes or high rise apartments ( 1.09%).

Dwellings in Hale tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.15% of the homes in Hale have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hale's housing was primarily built during this period, from the '40s through the '60s. A full 46.84% of the town's housing hails from this era. Other housing ages represented in Hale include homes built between 1970-1999 ( 34.66%) and housing constructed between 2000 and later ( 10.09%). There's also some housing in Hale built before 1939 ( 8.41%).

A decent proportion of the Hale housing stock is seasonally occupied. That is, homes and condos in Hale are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Hale housing market speaks to its popularity as a vacation location of choice.

Hale Home Appreciation Rates

Hale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hale during the period has been just -1.65%, which is lower than 80% of US communities.

Over the last year, Hale appreciation rates have trailed the rest of the nation. In the last twelve months, Hale's appreciation rate has been 2.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hale were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Hale's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$90,498

Hale, MI HOME PRICES

Value Range
> $1,080,000 0.0
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.2
$432,001 - $540,000 1.4
$324,001 - $432,000 2.7
$216,001 - $324,000 9.1
$108,001 - $216,000 27.1
$54,001 - $108,000 37.2
$0 - $54,000 22.4

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
83.6546349466776 83.974358974359

Number Of Homes And Apartments:
828

Hale 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
-0.30% -0.02% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 87.05
Renters 12.95
Vacant 60.56

Housing Market Details

 

Age of Homes

AGE OF Hale HOMES
2000 or Newer 10.1
1970 - 1999 34.7
1940 - 1969 46.8
1939 or Older 8.4

Types of Homes

TYPE OF Hale HOMES
Single-Family 90.2
Townhomes 0.1
Small Apt. Buildings 0.0
Apt. Complexes 1.1
Mobile Homes 8.2
Other 0.3

Home Size

SIZE OF Hale HOMES
No Bedroom 2.41
1 Bedroom 7.71
2 Bedrooms 45.04
3 Bedrooms 37.55
4 Bedrooms 6.19
5 or more bedrooms 1.10

Popular Neighborhoods in Hale

Zip Codes in Hale, MI