Kentwood, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kentwood Neighborhoods Since 2000




Kentwood, 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

Kentwood Housing Market Information

With a population of 51,357, 19,860 total housing units (homes and apartments), and a median house value of $180,604, Kentwood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Kentwood, accounting for 47.98% of the city's housing units. Other types of housing that are prevalent in Kentwood include large apartment complexes or high rise apartments ( 32.84%), row houses and other attached homes ( 11.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.65%).

People in Kentwood primarily live in small (one, two or no bedroom) single-family detached homes. Kentwood has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Kentwood 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 Kentwood built between 1940-1969 ( 21.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.51%). There's also some housing in Kentwood built before 1939 ( 2.83%).

Kentwood Home Appreciation Rates

Appreciation rates for homes in Kentwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.93%, which ranks in the top 40% nationwide. This equates to an annual average Kentwood house appreciation rate of 0.67%.

Appreciation rates are so strong in Kentwood that despite a nationwide downturn in the housing market, Kentwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kentwood appreciation rates continue to be some of the highest in America, at 9.84%, which is higher than appreciation rates in 93.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kentwood. Kentwood appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

Importantly, NeighborhoodScout’s exclusive research found that Kentwood's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$180,604

Kentwood, MI HOME PRICES

Value Range
> $1,283,000 0.4
$962,001 - $1,283,000 0.3
$642,001 - $962,000 0.2
$513,001 - $642,000 0.6
$385,001 - $513,000 1.4
$257,001 - $385,000 10.9
$128,001 - $257,000 56.9
$64,001 - $128,000 19.8
$0 - $64,000 9.5

High for MI
High for Nation

Value Relative to Nation Value Relative to State
37.9116371733271 22.275641025641

Number Of Homes And Apartments:
19,860

Kentwood 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
16.72% 0.90% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,110 / per month

Homeownership Rate

Homeownership
Owners 57.58
Renters 42.42
Vacant 4.74

Housing Market Details

 

Age of Homes

AGE OF Kentwood HOMES
2000 or Newer 15.5
1970 - 1999 59.7
1940 - 1969 22.0
1939 or Older 2.8

Types of Homes

TYPE OF Kentwood HOMES
Single-Family 48.0
Townhomes 11.4
Small Apt. Buildings 4.6
Apt. Complexes 32.8
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Kentwood HOMES
No Bedroom 1.99
1 Bedroom 13.49
2 Bedrooms 33.55
3 Bedrooms 32.96
4 Bedrooms 15.27
5 or more bedrooms 2.74