Hartland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hartland Neighborhoods Since 2000




Hartland, 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

Hartland Housing Market Information

With a population of 8,761, 1,511 total housing units (homes and apartments), and a median house value of $74,054, house prices in Hartland 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 Hartland, accounting for 84.88% of the town's housing units. Other types of housing that are prevalent in Hartland include mobile homes or trailers ( 10.22%), row houses and other attached homes ( 3.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hartland. Owner-occupied housing accounts for 88.45% of Hartland's homes, and 82.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hartland 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 Hartland built between 1940-1969 ( 19.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.27%). There's also some housing in Hartland built before 1939 ( 7.04%).

Hartland Home Appreciation Rates

In the last 10 years, Hartland has experienced some of the highest home appreciation rates of any community in the nation. Hartland real estate appreciated 45.58% over the last ten years, which is an average annual home appreciation rate of 3.83%, putting Hartland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hartland 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, Hartland's appreciation rate, at 4.51%, has been at or slightly above the national average. In the latest quarter, Hartland's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Michigan, our data show that Hartland's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$74,054

Hartland, MI HOME PRICES

Value Range
> $1,165,000 0.3
$874,001 - $1,165,000 0.3
$582,001 - $874,000 0.1
$466,001 - $582,000 2.0
$350,001 - $466,000 1.7
$233,001 - $350,000 4.1
$116,001 - $233,000 12.3
$58,001 - $116,000 28.4
$0 - $58,000 50.9

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
93.5515059181999 93.75

Number Of Homes And Apartments:
1,511

Hartland 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
80.13% 3.47% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$829 / per month

Homeownership Rate

Homeownership
Owners 88.45
Renters 11.55
Vacant 8.41

Housing Market Details

 

Age of Homes

AGE OF Hartland HOMES
2000 or Newer 16.3
1970 - 1999 57.4
1940 - 1969 19.3
1939 or Older 7.0

Types of Homes

TYPE OF Hartland HOMES
Single-Family 84.9
Townhomes 3.5
Small Apt. Buildings 0.8
Apt. Complexes 0.6
Mobile Homes 10.2
Other 0.0

Home Size

SIZE OF Hartland HOMES
No Bedroom 0.00
1 Bedroom 1.26
2 Bedrooms 12.12
3 Bedrooms 52.36
4 Bedrooms 30.60
5 or more bedrooms 3.66