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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,420, 499 total housing units (homes and apartments), and a median house value of $254,355, Laingsburg 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 Laingsburg, accounting for 75.05% of the city's housing units. Other types of housing that are prevalent in Laingsburg include large apartment complexes or high rise apartments ( 15.67%), duplexes, homes converted to apartments or other small apartment buildings ( 6.00%), and a few mobile homes or trailers ( 1.93%).
The most prevalent building size and type in Laingsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.33% owning and 36.67% renting.
There is a lot of housing in Laingsburg 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 Laingsburg built before 1939 ( 32.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.50%). There's also some housing in Laingsburg built between 1940-1969 ( 10.44%).
Appreciation rates for homes in Laingsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.38%, which ranks in the top 50% nationwide. This equates to an annual average Laingsburg house appreciation rate of 6.42%.
NeighborhoodScout's data show that during the latest twelve months, Laingsburg's appreciation rate, at 5.88%, has been at or slightly above the national average. In the latest quarter, Laingsburg's appreciation rate has been 0.41%, which annualizes to a rate of 1.65%.
Relative to Michigan, our data show that Laingsburg's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.
$254,355
for Michigan
for nation
499
$1,266 / per month