Kingsford, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kingsford, 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

Kingsford Housing Market Information

With a population of 5,069, 2,281 total housing units (homes and apartments), and a median house value of $76,195, house prices in Kingsford 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 Kingsford, accounting for 84.66% of the city's housing units. Other types of housing that are prevalent in Kingsford include large apartment complexes or high rise apartments ( 7.71%), duplexes, homes converted to apartments or other small apartment buildings ( 5.67%), and a few row houses and other attached homes ( 1.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kingsford. Owner-occupied housing accounts for 70.60% of Kingsford's homes, and 54.67% 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. Kingsford's housing was primarily built during this period, from the '40s through the '60s. A full 44.63% of the city's housing hails from this era. Other housing ages represented in Kingsford include homes built before 1939 ( 26.89%) and housing constructed between 1970-1999 ( 23.34%). There's also some housing in Kingsford built between 2000 and later ( 5.14%).

Kingsford Home Appreciation Rates

Appreciation rates for homes in Kingsford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.80%, which ranks in the top 40% nationwide. This equates to an annual average Kingsford house appreciation rate of 0.75%.

NeighborhoodScout's data show that during the latest twelve months, Kingsford's appreciation rate, at 4.61%, has been at or slightly above the national average. In the latest quarter, Kingsford's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Kingsford's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$76,195

Kingsford, MI HOME PRICES

Value Range
> $1,078,000 0.3
$808,001 - $1,078,000 0.0
$539,001 - $808,000 1.6
$431,001 - $539,000 1.4
$323,001 - $431,000 4.2
$216,001 - $323,000 4.6
$108,001 - $216,000 25.7
$54,001 - $108,000 43.1
$0 - $54,000 19.0

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
92.5963904840033 92.6282051282051

Number Of Homes And Apartments:
2,281

Kingsford 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
26.83% 1.39% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$826 / per month

Homeownership Rate

Homeownership
Owners 70.60
Renters 29.40
Vacant 6.94

Housing Market Details

 

Age of Homes

AGE OF Kingsford HOMES
2000 or Newer 5.1
1970 - 1999 23.3
1940 - 1969 44.6
1939 or Older 26.9

Types of Homes

TYPE OF Kingsford HOMES
Single-Family 84.7
Townhomes 2.0
Small Apt. Buildings 5.7
Apt. Complexes 7.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Kingsford HOMES
No Bedroom 0.16
1 Bedroom 6.85
2 Bedrooms 35.45
3 Bedrooms 41.45
4 Bedrooms 13.22
5 or more bedrooms 2.86

Popular Neighborhoods in Kingsford

Zip Codes in Kingsford, MI