Holly, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Holly Neighborhoods Since 2000




Holly, 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

Holly Housing Market Information

With 6,169 people, 2,289 houses or apartments, and a median cost of homes of $95,839, house prices in Holly are solidly below the national average.

Single-family detached homes are the single most common housing type in Holly, accounting for 66.48% of the village's housing units. Other types of housing that are prevalent in Holly include mobile homes or trailers ( 14.62%), large apartment complexes or high rise apartments ( 10.14%), and a few row houses and other attached homes ( 6.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Holly. Owner-occupied housing accounts for 68.52% of Holly's homes, and 69.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Holly 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 Holly built between 1940-1969 ( 29.25%). A lesser amount of the housing stock also hails from before 1939 ( 24.64%). There's also some housing in Holly built between 2000 and later ( 12.22%).

Holly Home Appreciation Rates

Homes have actually lost value in Holly over the last then years, as home values have seen a decline of 21.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Holly home appreciation rates at 1.86%, which equates to an annual appreciation rate of 7.66%.

Appreciation rates are so strong in Holly that despite a nationwide downturn in the housing market, Holly real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Holly appreciation rates continue to be some of the highest in America, at 8.22%, which is higher than appreciation rates in 87.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Holly. Holly appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Holly one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Michigan, our data show that Holly'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 village. Individual neighborhoods within Holly differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Holly - 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 Holly real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$95,839

Holly, MI HOME PRICES

Value Range
> $1,245,000 1.3
$934,001 - $1,245,000 0.0
$623,001 - $934,000 0.0
$498,001 - $623,000 0.0
$373,001 - $498,000 0.0
$249,001 - $373,000 5.1
$125,001 - $249,000 34.2
$62,001 - $125,000 35.7
$0 - $62,000 23.6

Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
80.3205203328255 79.1666666666667

Number Of Homes And Apartments:
2,289

Holly 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
-16.28% -1.03% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 68.52
Renters 31.48
Vacant 6.76

Housing Market Details

 

Age of Homes

AGE OF Holly HOMES
2000 or Newer 12.2
1970 - 1999 33.9
1940 - 1969 29.2
1939 or Older 24.6

Types of Homes

TYPE OF Holly HOMES
Single-Family 66.5
Townhomes 6.4
Small Apt. Buildings 2.4
Apt. Complexes 10.1
Mobile Homes 14.6
Other 0.0

Home Size

SIZE OF Holly HOMES
No Bedroom 0.57
1 Bedroom 7.62
2 Bedrooms 20.90
3 Bedrooms 51.24
4 Bedrooms 18.25
5 or more bedrooms 1.43