Jenison, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jenison Neighborhoods Since 2000




Jenison, 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

Jenison Housing Market Information

With a population of 17,475, 6,409 total housing units (homes and apartments), and a median house value of $160,722, Jenison 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 Jenison, accounting for 71.63% of the town's housing units. Other types of housing that are prevalent in Jenison include large apartment complexes or high rise apartments ( 12.89%), row houses and other attached homes ( 11.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jenison. Owner-occupied housing accounts for 83.32% of Jenison's homes, and 66.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jenison 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 Jenison built between 1940-1969 ( 40.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.32%).

Jenison Home Appreciation Rates

Appreciation rates for homes in Jenison have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.27%, which ranks in the top 30% nationwide. This equates to an annual average Jenison house appreciation rate of 1.16%.

Appreciation rates are so strong in Jenison that despite a nationwide downturn in the housing market, Jenison real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jenison appreciation rates continue to be some of the highest in America, at 9.32%, which is higher than appreciation rates in 91.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jenison. Jenison appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

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

Relative to Michigan, our data show that Jenison's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Jenison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jenison - 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 Jenison real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$160,722

Jenison, MI HOME PRICES

Value Range
> $1,266,000 0.0
$949,001 - $1,266,000 0.0
$633,001 - $949,000 0.0
$506,001 - $633,000 0.1
$380,001 - $506,000 0.8
$253,001 - $380,000 5.7
$127,001 - $253,000 76.1
$63,001 - $127,000 12.5
$0 - $63,000 4.7

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
45.3826321340677 31.4102564102564

Number Of Homes And Apartments:
6,409

Jenison 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
24.65% 1.29% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,342 / per month

Homeownership Rate

Homeownership
Owners 83.32
Renters 16.68
Vacant 4.16

Housing Market Details

 

Age of Homes

AGE OF Jenison HOMES
2000 or Newer 3.3
1970 - 1999 55.3
1940 - 1969 40.6
1939 or Older 0.8

Types of Homes

TYPE OF Jenison HOMES
Single-Family 71.6
Townhomes 11.8
Small Apt. Buildings 3.3
Apt. Complexes 12.9
Mobile Homes 0.2
Other 0.2

Home Size

SIZE OF Jenison HOMES
No Bedroom 1.78
1 Bedroom 8.36
2 Bedrooms 18.72
3 Bedrooms 46.43
4 Bedrooms 19.96
5 or more bedrooms 4.74