Hillsdale, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hillsdale Neighborhoods Since 2000




Hillsdale, 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

Hillsdale Housing Market Information

With 8,163 people, 2,930 houses or apartments, and a median cost of homes of $88,786, house prices in Hillsdale 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 Hillsdale, accounting for 59.42% of the city's housing units. Other types of housing that are prevalent in Hillsdale include large apartment complexes or high rise apartments ( 27.03%), duplexes, homes converted to apartments or other small apartment buildings ( 9.06%), and a few mobile homes or trailers ( 2.71%).

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

The housing in Hillsdale was primarily built before 1939 ( 39.83%), making the housing stock in Hillsdale some of the oldest overall in America, although there is a range of ages of homes in Hillsdale. The next most important housing age is between 1970-1999 ( 29.90%), followed by between 1940-1969 ( 26.44%). There's also some housing in Hillsdale built between 2000 and later ( 3.83%).

Hillsdale Home Appreciation Rates

Hillsdale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hillsdale during the period has been just -1.09%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hillsdale's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, Hillsdale's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Hillsdale's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$88,786

Hillsdale, MI HOME PRICES

Value Range
> $1,129,000 0.3
$847,001 - $1,129,000 0.4
$564,001 - $847,000 0.1
$452,001 - $564,000 0.1
$339,001 - $452,000 1.3
$226,001 - $339,000 4.6
$113,001 - $226,000 23.7
$56,001 - $113,000 50.3
$0 - $56,000 19.1

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
84.8763623579046 85.7371794871795

Number Of Homes And Apartments:
2,930

Hillsdale 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
0.43% 0.02% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$879 / per month

Homeownership Rate

Homeownership
Owners 42.15
Renters 57.85
Vacant 8.75

Housing Market Details

 

Age of Homes

AGE OF Hillsdale HOMES
2000 or Newer 3.8
1970 - 1999 29.9
1940 - 1969 26.4
1939 or Older 39.8

Types of Homes

TYPE OF Hillsdale HOMES
Single-Family 59.4
Townhomes 1.8
Small Apt. Buildings 9.1
Apt. Complexes 27.0
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Hillsdale HOMES
No Bedroom 0.62
1 Bedroom 20.55
2 Bedrooms 27.62
3 Bedrooms 31.33
4 Bedrooms 15.20
5 or more bedrooms 4.67

Popular Neighborhoods in Hillsdale

Zip Codes in Hillsdale, MI