Laingsburg, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Laingsburg Neighborhoods Since 2000




Laingsburg, 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

Laingsburg Housing Market Information

With 1,277 people, 468 houses or apartments, and a median cost of homes of $162,965, 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 85.08% of the city's housing units. Other types of housing that are prevalent in Laingsburg include duplexes, homes converted to apartments or other small apartment buildings ( 8.35%), large apartment complexes or high rise apartments ( 5.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Laingsburg. Owner-occupied housing accounts for 71.79% of Laingsburg's homes, and 64.30% have either three or four bedrooms, which is average sized relative to America.

The housing in Laingsburg was primarily built before 1939 ( 35.52%), making the housing stock in Laingsburg some of the oldest overall in America, although there is a range of ages of homes in Laingsburg. The next most important housing age is between 1970-1999 ( 24.16%), followed by between 1940-1969 ( 23.80%). There's also some housing in Laingsburg built between 2000 and later ( 16.52%).

Vacant housing appears to be an issue in Laingsburg. Fully 16.87% of the housing stock is classified as vacant. Left unchecked, vacant Laingsburg homes and apartments can be a drag on the real estate market, holding Laingsburg 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.

Laingsburg Home Appreciation Rates

Laingsburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Laingsburg during the period has been just -1.26%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Laingsburg's appreciation rate, at 4.99%, has been at or slightly above the national average. In the latest quarter, Laingsburg's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$162,965

Laingsburg, MI HOME PRICES

Value Range
> $1,161,000 0.9
$871,001 - $1,161,000 0.2
$581,001 - $871,000 1.5
$465,001 - $581,000 1.6
$348,001 - $465,000 3.4
$232,001 - $348,000 14.8
$116,001 - $232,000 52.6
$58,001 - $116,000 21.5
$0 - $58,000 3.4

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
44.4626743232158 29.8076923076923

Number Of Homes And Apartments:
468

Laingsburg 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
3.52% 0.20% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,015 / per month

Homeownership Rate

Homeownership
Owners 71.79
Renters 28.21
Vacant 16.87

Housing Market Details

 

Age of Homes

AGE OF Laingsburg HOMES
2000 or Newer 16.5
1970 - 1999 24.2
1940 - 1969 23.8
1939 or Older 35.5

Types of Homes

TYPE OF Laingsburg HOMES
Single-Family 85.1
Townhomes 0.4
Small Apt. Buildings 8.3
Apt. Complexes 5.7
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Laingsburg HOMES
No Bedroom 0.00
1 Bedroom 7.82
2 Bedrooms 21.49
3 Bedrooms 53.11
4 Bedrooms 11.19
5 or more bedrooms 6.39