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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 7,348 people, 2,551 houses or apartments, and a median cost of homes of $172,796, house prices in Hudsonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Hudsonville, accounting for 55.49% of the city's housing units. Other types of housing that are prevalent in Hudsonville include mobile homes or trailers ( 12.64%), large apartment complexes or high rise apartments ( 12.00%), and a few row houses and other attached homes ( 12.00%).

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 83.30% of Hudsonville's homes, and 62.87% 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 ( 24.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.49%). There's also some housing in Hudsonville built before 1939 ( 10.23%).

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 60.56%, which ranks in the top 30% nationwide. This equates to an annual average Hudsonville house appreciation rate of 4.85%.

NeighborhoodScout's data show that during the latest twelve months, Hudsonville's appreciation rate, at 9.43%, has been at or slightly above the national average. In the latest quarter, Hudsonville's appreciation rate has been 3.23%, which annualizes to a rate of 13.58%.

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:
$172,796

Hudsonville, MI HOME PRICES

> $1,183,000
0.0%
0.0%
$887,001 - $1,183,000
0.0%
0.0%
$592,001 - $887,000
2.4%
2.4%
$473,001 - $592,000
0.7%
0.7%
$355,001 - $473,000
4.7%
4.7%
$236,001 - $355,000
21.1%
21.1%
$118,001 - $236,000
52.1%
52.1%
$59,001 - $118,000
8.0%
8.0%
$0 - $59,000
11.0%
11.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for MI

Value Relative To Nation

Number Of Homes And Apartments:
2,551

Hudsonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
49.28% 1.88%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,388 / per month

Homeownership Rate

Owners
83.3%
83.3%
Renters
16.7%
16.7%
Vacant
4.0%
4.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.5%
12.5%
1970 - 1999
52.6%
52.6%
1940 - 1969
24.7%
24.7%
1939 or Older
10.2%
10.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.5%
55.5%
Townhomes
12.0%
12.0%
Small Apt. Buildings
7.9%
7.9%
Apt. Complexes
12.0%
12.0%
Mobile Homes
12.6%
12.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
4.2%
4.2%
2 Bedrooms
28.1%
28.1%
3 Bedrooms
44.3%
44.3%
4 Bedrooms
18.6%
18.6%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES