Hartland MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 9,003, 1,595 total housing units (homes and apartments), and a median house value of $97,198, 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 83.33% of the town's housing units. Other types of housing that are prevalent in Hartland include mobile homes or trailers ( 10.41%), row houses and other attached homes ( 4.37%), and a few large apartment complexes or high rise apartments ( 1.09%).

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 88.85% of Hartland's homes, and 85.96% 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 2000 and later ( 19.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.06%). There's also some housing in Hartland built before 1939 ( 4.38%).

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 53.27% over the last ten years, which is an average annual home appreciation rate of 4.36%, putting Hartland in the top 20% 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.

Appreciation rates are so strong in Hartland that despite a nationwide downturn in the housing market, Hartland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hartland appreciation rates continue to be some of the highest in America, at 10.25%, which is higher than appreciation rates in 94.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hartland. Hartland appreciation rates in the latest quarter were at 0.53%, which equates to an annual appreciation rate of 2.14%.

Notably, Hartland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Hartland's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$97,198

Hartland, MI HOME PRICES

Value Range
> $1,207,000 0.3
$905,001 - $1,207,000 0.3
$603,001 - $905,000 0.2
$483,001 - $603,000 1.4
$362,001 - $483,000 0.9
$242,001 - $362,000 4.9
$120,001 - $242,000 17.5
$61,001 - $120,000 31.6
$0 - $61,000 43.0

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
87.0627737226277 89.4230769230769

Number Of Homes And Apartments:
1,595

Hartland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
118.25% 3.93%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 88.85
Renters 11.15
Vacant 4.18

Housing Market Details

 

Age of Homes

AGE OF Hartland HOMES
2000 or Newer 19.7
1970 - 1999 60.9
1940 - 1969 15.1
1939 or Older 4.4

Types of Homes

TYPE OF Hartland HOMES
Single-Family 83.3
Townhomes 4.4
Small Apt. Buildings 0.8
Apt. Complexes 1.1
Mobile Homes 10.4
Other 0.0

Home Size

SIZE OF Hartland HOMES
No Bedroom 0.28
1 Bedroom 1.59
2 Bedrooms 11.49
3 Bedrooms 57.41
4 Bedrooms 28.55
5 or more bedrooms 0.68