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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hudsonville, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Hudsonville, MI Housing Market Trends

With a population of 7,708, 2,662 total housing units (homes and apartments), and a median house value of $278,217, Hudsonville 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 Hudsonville, accounting for 61.68% of the city's housing units. Other types of housing that are prevalent in Hudsonville include row houses and other attached homes ( 12.85%), large apartment complexes or high rise apartments ( 9.93%), and a few mobile homes or trailers ( 9.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hudsonville. Owner-occupied housing accounts for 84.41% of Hudsonville's homes, and 66.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hudsonville 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 Hudsonville built between 1940-1969 ( 27.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.22%). There's also some housing in Hudsonville built before 1939 ( 7.57%).

Hudsonville Home Appreciation Rates

Appreciation rates for homes in Hudsonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.37%, which ranks in the top 30% nationwide. This equates to an annual average Hudsonville house appreciation rate of 7.51%.

Appreciation rates are so strong in Hudsonville that despite a nationwide downturn in the housing market, Hudsonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hudsonville appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 70.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hudsonville. Hudsonville appreciation rates in the latest quarter were at -1.60%, which equates to an annual appreciation rate of -6.24%.

Notably, Hudsonville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Hudsonville's latest annual appreciation rate is lower than 50% 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 Hudsonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hudsonville - 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 Hudsonville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$278,217

Hudsonville, MI Home Prices
> $1,301,000
$976,001 - $1,301,000
$650,001 - $976,000
$521,001 - $650,000
$390,001 - $521,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.0%
0.0%
0.0%
0.0%
6.9%
6.9%
3.2%
3.2%
16.8%
16.8%
35.8%
35.8%
24.3%
24.3%
5.4%
5.4%
7.5%
7.5%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

2,662

Hudsonville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,178 / per month

Homeownership Rate

Owners
Renters
84.4%
84.4%
15.6%
15.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.1%
3.1%
96.9%
96.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.2%
23.2%
42.2%
42.2%
27.0%
27.0%
7.6%
7.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.7%
61.7%
12.8%
12.8%
6.4%
6.4%
9.9%
9.9%
9.2%
9.2%
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
1.0%
1.0%
3.2%
3.2%
24.9%
24.9%
35.9%
35.9%
30.6%
30.6%
4.5%
4.5%
0% 100.0%
% of Homes