Hesperia, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hesperia Neighborhoods Since 2000




Hesperia, 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

Hesperia Housing Market Information

With 938 people, 350 houses or apartments, and a median cost of homes of $92,261, house prices in Hesperia 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 Hesperia, accounting for 79.53% of the village's housing units. Other types of housing that are prevalent in Hesperia include large apartment complexes or high rise apartments ( 12.18%), duplexes, homes converted to apartments or other small apartment buildings ( 4.40%), and a few row houses and other attached homes ( 2.07%).

The most prevalent building size and type in Hesperia are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.54% owning and 41.46% renting.

There is a lot of housing in Hesperia 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 Hesperia built between 1940-1969 ( 36.79%). A lesser amount of the housing stock also hails from before 1939 ( 15.28%). There's also some housing in Hesperia built between 2000 and later ( 4.92%).

Hesperia Home Appreciation Rates

Hesperia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hesperia during the period has been just -1.47%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hesperia's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Hesperia's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$92,261

Hesperia, MI HOME PRICES

Value Range
> $1,104,000 0.2
$828,001 - $1,104,000 0.0
$552,001 - $828,000 0.5
$442,001 - $552,000 0.7
$331,001 - $442,000 1.3
$221,001 - $331,000 8.7
$110,001 - $221,000 28.0
$55,001 - $110,000 36.7
$0 - $55,000 23.9

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
82.5383804054846 82.8525641025641

Number Of Homes And Apartments:
350

Hesperia 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
2.42% 0.14% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 58.54
Renters 41.46
Vacant 9.33

Housing Market Details

 

Age of Homes

AGE OF Hesperia HOMES
2000 or Newer 4.9
1970 - 1999 43.0
1940 - 1969 36.8
1939 or Older 15.3

Types of Homes

TYPE OF Hesperia HOMES
Single-Family 79.5
Townhomes 2.1
Small Apt. Buildings 4.4
Apt. Complexes 12.2
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Hesperia HOMES
No Bedroom 0.00
1 Bedroom 15.03
2 Bedrooms 25.65
3 Bedrooms 49.22
4 Bedrooms 5.96
5 or more bedrooms 4.15

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Zip Codes in Hesperia, MI