Kingsley, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kingsley, MI Real Estate Data


Kingsley Housing Market Information

With 1,559 people, 599 houses or apartments, and a median cost of homes of $191,535, Kingsley real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Kingsley, accounting for 64.11% of the village's housing units. Other types of housing that are prevalent in Kingsley include mobile homes or trailers ( 31.76%), duplexes, homes converted to apartments or other small apartment buildings ( 4.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kingsley. Owner-occupied housing accounts for 74.29% of Kingsley's homes, and 67.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Kingsley 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 Kingsley built between 1940-1969 ( 27.77%). A lesser amount of the housing stock also hails from before 1939 ( 14.33%). There's also some housing in Kingsley built between 2000 and later ( 12.11%).

Vacant housing appears to be an issue in Kingsley. Fully 11.52% of the housing stock is classified as vacant. Left unchecked, vacant Kingsley homes and apartments can be a drag on the real estate market, holding Kingsley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Kingsley Home Appreciation Rates

Appreciation rates for homes in Kingsley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.23%, which ranks in the top 50% nationwide. This equates to an annual average Kingsley house appreciation rate of 0.22%.

NeighborhoodScout's data show that during the latest twelve months, Kingsley's appreciation rate, at 4.93%, has been at or slightly above the national average. In the latest quarter, Kingsley's appreciation rate has been 0.79%, which annualizes to a rate of 3.20%.

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

Average Home Values

 

Median Home Value:
$191,535

Kingsley, MI HOME PRICES

Value Range
> $1,182,000 0.4
$887,001 - $1,182,000 0.5
$591,001 - $887,000 3.3
$473,001 - $591,000 1.1
$355,001 - $473,000 5.0
$237,001 - $355,000 19.1
$118,001 - $237,000 48.9
$59,001 - $118,000 14.1
$0 - $59,000 7.8

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
34.1087542482128 16.8269230769231

Number Of Homes And Apartments:
599

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Homeownership
Owners 74.29
Renters 25.71
Vacant 11.52

Housing Market Details

 

Age of Homes

AGE OF Kingsley HOMES
2000 or Newer 12.1
1970 - 1999 45.8
1940 - 1969 27.8
1939 or Older 14.3

Types of Homes

TYPE OF Kingsley HOMES
Single-Family 64.1
Townhomes 0.0
Small Apt. Buildings 4.1
Apt. Complexes 0.0
Mobile Homes 31.8
Other 0.0

Home Size

SIZE OF Kingsley HOMES
No Bedroom 0.00
1 Bedroom 5.47
2 Bedrooms 25.41
3 Bedrooms 56.57
4 Bedrooms 10.64
5 or more bedrooms 1.92

Kingsley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
26.47% 1.37% 9 3
* 10 is highest

Popular Neighborhoods in Kingsley

Zip Codes in Kingsley, MI