Laingsburg, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Laingsburg, MI Real Estate Data


Laingsburg Housing Market Information

With a population of 1,277, 443 total housing units (homes and apartments), and a median house value of $160,418, 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 80.40% 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 ( 9.52%), large apartment complexes or high rise apartments ( 8.79%).

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 73.36% of Laingsburg's homes, and 60.26% have either three or four bedrooms, which is average sized relative to America.

The housing in Laingsburg was primarily built before 1939 ( 35.35%), 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 ( 30.04%), followed by between 1940-1969 ( 21.61%). There's also some housing in Laingsburg built between 2000 and later ( 13.00%).

Vacant housing appears to be an issue in Laingsburg. Fully 18.86% 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 -1.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Laingsburg's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Laingsburg's appreciation rate has been 1.43%, which annualizes to a rate of 5.84%.

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

Average Home Values

 

Median Home Value:
$160,418

Laingsburg, MI HOME PRICES

Value Range
> $1,187,000 0.6
$890,001 - $1,187,000 0.0
$594,001 - $890,000 0.8
$475,001 - $594,000 1.7
$356,001 - $475,000 4.1
$237,001 - $356,000 15.2
$119,001 - $237,000 50.3
$59,001 - $119,000 23.1
$0 - $59,000 4.4

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
46.5362768636177 30.6089743589744

Number Of Homes And Apartments:
443

Rent & Ownership

 

Average Market Rent:
$979 / per month

Homeownership Rate

Homeownership
Owners 73.36
Renters 26.64
Vacant 18.86

Housing Market Details

 

Age of Homes

AGE OF Laingsburg HOMES
2000 or Newer 13.0
1970 - 1999 30.0
1940 - 1969 21.6
1939 or Older 35.3

Types of Homes

TYPE OF Laingsburg HOMES
Single-Family 80.4
Townhomes 0.7
Small Apt. Buildings 9.5
Apt. Complexes 8.8
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Laingsburg HOMES
No Bedroom 1.28
1 Bedroom 7.69
2 Bedrooms 26.56
3 Bedrooms 47.99
4 Bedrooms 12.27
5 or more bedrooms 4.21

Laingsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
7.37% 0.42% 5 1
* 10 is highest