Kincheloe, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kincheloe Neighborhoods Since 2000




Kincheloe, 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

Kincheloe Housing Market Information

With a population of 6,720, 814 total housing units (homes and apartments), and a median house value of $92,460, house prices in Kincheloe are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Kincheloe, accounting for 33.32% of the town's housing units. Other types of housing that are prevalent in Kincheloe include row houses and other attached homes ( 29.64%), duplexes, homes converted to apartments or other small apartment buildings ( 8.91%), and a few mobile homes or trailers ( 1.81%).

Renters dominate Kincheloe's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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. Kincheloe's housing was primarily built during this period, from the '40s through the '60s. A full 61.41% of the town's housing hails from this era. Other housing ages represented in Kincheloe include homes built between 1970-1999 ( 10.90%) and housing constructed between 2000 and later ( 1.68%). There's also some housing in Kincheloe built before 1939 ( 1.18%).

Kincheloe Home Appreciation Rates

Real estate appreciation rates in Kincheloe's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

NeighborhoodScout's data show that during the latest twelve months, Kincheloe's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Kincheloe's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$92,460

Kincheloe, MI HOME PRICES

Value Range
> $1,124,000 0.0
$843,001 - $1,124,000 0.0
$563,001 - $843,000 0.0
$450,001 - $563,000 0.0
$337,001 - $450,000 0.0
$225,001 - $337,000 0.0
$112,001 - $225,000 19.2
$56,001 - $112,000 59.2
$0 - $56,000 21.6

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
82.4153287237783 82.5320512820513

Number Of Homes And Apartments:
814

Kincheloe 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
15.54% 0.84% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$786 / per month

Homeownership Rate

Homeownership
Owners 22.66
Renters 52.51
Vacant 7.66

Housing Market Details

 

Age of Homes

AGE OF Kincheloe HOMES
2000 or Newer 1.7
1970 - 1999 10.9
1940 - 1969 61.4
1939 or Older 1.2

Types of Homes

TYPE OF Kincheloe HOMES
Single-Family 33.3
Townhomes 29.6
Small Apt. Buildings 8.9
Apt. Complexes 1.5
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Kincheloe HOMES
No Bedroom 0.44
1 Bedroom 0.75
2 Bedrooms 9.78
3 Bedrooms 43.97
4 Bedrooms 14.39
5 or more bedrooms 5.85

Zip Codes in Kincheloe, MI