Hillsdale, MI Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hillsdale, MI Housing Market Trends

With 8,036 people, 2,911 houses or apartments, and a median cost of homes of $163,050, house prices in Hillsdale are solidly below the national average.

Single-family detached homes are the single most common housing type in Hillsdale, accounting for 59.19% of the city's housing units. Other types of housing that are prevalent in Hillsdale include large apartment complexes or high rise apartments ( 26.67%), duplexes, homes converted to apartments or other small apartment buildings ( 9.93%), and a few mobile homes or trailers ( 2.34%).

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 ( 35.91%), 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 1940-1969 ( 31.60%), followed by between 1970-1999 ( 29.01%). There's also some housing in Hillsdale built between 2000 and later ( 3.48%).

Hillsdale Home Appreciation Rates

Appreciation rates for homes in Hillsdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.40%, which ranks in the top 30% nationwide. This equates to an annual average Hillsdale house appreciation rate of 6.19%.

NeighborhoodScout's data show that during the latest twelve months, Hillsdale's appreciation rate, at 17.81%, has been at or slightly above the national average. In the latest quarter, Hillsdale's appreciation rate has been 2.86%, which annualizes to a rate of 11.94%.

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

Average Home Values

 

Median Home Value:
$163,050

Hillsdale, MI HOME PRICES

> $1,434,000
$1,076,001 - $1,434,000
$717,001 - $1,076,000
$574,001 - $717,000
$430,001 - $574,000
$287,001 - $430,000
$143,001 - $287,000
$72,001 - $143,000
$0 - $72,000
0.0%
0.0%
0.3%
0.3%
1.0%
1.0%
0.3%
0.3%
1.6%
1.6%
13.3%
13.3%
34.6%
34.6%
40.0%
40.0%
8.9%
8.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for MI

Value Relative To Nation

Number Of Homes And Apartments:
2,911

Hillsdale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
53.28% 1.94%
5
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,093 / per month

Homeownership Rate

Owners
Renters
Vacant
40.9%
40.9%
59.1%
59.1%
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.5%
3.5%
29.0%
29.0%
31.6%
31.6%
35.9%
35.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.2%
59.2%
1.9%
1.9%
9.9%
9.9%
26.7%
26.7%
2.3%
2.3%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
18.1%
18.1%
26.4%
26.4%
27.0%
27.0%
17.6%
17.6%
8.1%
8.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Hillsdale

Zip Codes in Hillsdale, MI