Huntington Woods, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Huntington Woods Neighborhoods Since 2000




Huntington Woods, 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

Huntington Woods Housing Market Information

With 6,340 people, 2,457 houses or apartments, and a median cost of homes of $376,452, Huntington Woods house prices are not only among the most expensive in Michigan, Huntington Woods real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Huntington Woods, accounting for 98.78% of the city's housing units.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Huntington Woods. Owner-occupied housing accounts for 96.73% of Huntington Woods's homes, and 89.32% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Huntington Woods's housing was primarily built during this period, from the '40s through the '60s. A full 74.84% of the city's housing hails from this era. Other housing ages represented in Huntington Woods include homes built before 1939 ( 19.27%) and housing constructed between 1970-1999 ( 3.81%). There's also some housing in Huntington Woods built between 2000 and later ( 2.08%).

Huntington Woods Home Appreciation Rates

Appreciation rates for homes in Huntington Woods have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.34%, which ranks in the top 40% nationwide. This equates to an annual average Huntington Woods house appreciation rate of 0.80%.

NeighborhoodScout's data show that during the latest twelve months, Huntington Woods's appreciation rate, at 5.18%, has been at or slightly above the national average. In the latest quarter, Huntington Woods's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.

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

Relative to Michigan, our data show that Huntington Woods's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$376,452

Huntington Woods, MI HOME PRICES

Value Range
> $1,261,000 0.0
$946,001 - $1,261,000 4.3
$631,001 - $946,000 7.0
$505,001 - $631,000 9.7
$378,001 - $505,000 20.7
$252,001 - $378,000 40.4
$126,001 - $252,000 14.5
$63,001 - $126,000 1.4
$0 - $63,000 2.1

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
10.5590062111801 2.08333333333333

Number Of Homes And Apartments:
2,457

Huntington Woods 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
26.46% 1.37% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,496 / per month

Homeownership Rate

Homeownership
Owners 96.73
Renters 3.27
Vacant 3.57

Housing Market Details

 

Age of Homes

AGE OF Huntington Woods HOMES
2000 or Newer 2.1
1970 - 1999 3.8
1940 - 1969 74.8
1939 or Older 19.3

Types of Homes

TYPE OF Huntington Woods HOMES
Single-Family 98.8
Townhomes 0.5
Small Apt. Buildings 0.3
Apt. Complexes 0.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Huntington Woods HOMES
No Bedroom 0.00
1 Bedroom 1.22
2 Bedrooms 4.79
3 Bedrooms 53.34
4 Bedrooms 35.99
5 or more bedrooms 4.67

Popular Neighborhoods in Huntington Woods

Zip Codes in Huntington Woods, MI