Holland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Holland, 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

Holland Housing Market Information

With 33,742 people, 11,344 houses or apartments, and a median cost of homes of $147,890, Holland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Holland, accounting for 57.03% of the city's housing units. Other types of housing that are prevalent in Holland include large apartment complexes or high rise apartments ( 19.06%), duplexes, homes converted to apartments or other small apartment buildings ( 12.05%), and a few row houses and other attached homes ( 9.23%).

The most prevalent building size and type in Holland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.44% owning and 43.56% renting.

There is a lot of housing in Holland 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 Holland built between 1940-1969 ( 31.91%). A lesser amount of the housing stock also hails from before 1939 ( 20.63%). There's also some housing in Holland built between 2000 and later ( 7.07%).

Holland Home Appreciation Rates

Appreciation rates for homes in Holland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.16%, which ranks in the top 40% nationwide. This equates to an annual average Holland house appreciation rate of 0.69%.

Appreciation rates are so strong in Holland that despite a nationwide downturn in the housing market, Holland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Holland appreciation rates continue to be some of the highest in America, at 8.22%, which is higher than appreciation rates in 87.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Holland. Holland appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.12%.

Importantly, NeighborhoodScout’s exclusive research found that Holland's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Holland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Holland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Holland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$147,890

Holland, MI HOME PRICES

Value Range
> $1,263,000 0.4
$948,001 - $1,263,000 0.4
$632,001 - $948,000 0.6
$505,001 - $632,000 1.2
$379,001 - $505,000 3.0
$253,001 - $379,000 8.7
$126,001 - $253,000 46.5
$63,001 - $126,000 31.1
$0 - $63,000 8.1

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
50.9551154341966 37.9807692307692

Number Of Homes And Apartments:
11,344

Holland 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
24.44% 1.28% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,045 / per month

Homeownership Rate

Homeownership
Owners 56.44
Renters 43.56
Vacant 6.89

Housing Market Details

 

Age of Homes

AGE OF Holland HOMES
2000 or Newer 7.1
1970 - 1999 40.4
1940 - 1969 31.9
1939 or Older 20.6

Types of Homes

TYPE OF Holland HOMES
Single-Family 57.0
Townhomes 9.2
Small Apt. Buildings 12.0
Apt. Complexes 19.1
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Holland HOMES
No Bedroom 2.04
1 Bedroom 11.30
2 Bedrooms 33.01
3 Bedrooms 33.67
4 Bedrooms 15.79
5 or more bedrooms 4.19