Lambertville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lambertville, 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

Lambertville Housing Market Information

With 9,908 people, 3,818 houses or apartments, and a median cost of homes of $173,744, Lambertville 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 Lambertville, accounting for 92.27% of the town's housing units. Other types of housing that are prevalent in Lambertville include large apartment complexes or high rise apartments ( 4.17%), row houses and other attached homes ( 2.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lambertville. Owner-occupied housing accounts for 86.80% of Lambertville's homes, and 83.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lambertville 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 Lambertville built between 1940-1969 ( 40.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.65%). There's also some housing in Lambertville built before 1939 ( 4.47%).

Lambertville Home Appreciation Rates

Lambertville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lambertville during the period has been just -1.06%, which is lower than 70% of US communities.

Over the last year, Lambertville appreciation rates have trailed the rest of the nation. In the last twelve months, Lambertville's appreciation rate has been 2.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lambertville were at 0.67%, which equates to an annual appreciation rate of 2.71%.

Relative to Michigan, our data show that Lambertville's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$173,744

Lambertville, MI HOME PRICES

Value Range
> $1,085,000 0.0
$814,001 - $1,085,000 0.2
$543,001 - $814,000 1.0
$434,001 - $543,000 1.9
$326,001 - $434,000 7.3
$217,001 - $326,000 19.1
$109,001 - $217,000 53.6
$54,001 - $109,000 10.7
$0 - $54,000 6.3

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
40.3375131841088 24.5192307692308

Number Of Homes And Apartments:
3,818

Lambertville 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
0.15% 0.01% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,297 / per month

Homeownership Rate

Homeownership
Owners 86.80
Renters 13.20
Vacant 5.73

Housing Market Details

 

Age of Homes

AGE OF Lambertville HOMES
2000 or Newer 11.7
1970 - 1999 43.2
1940 - 1969 40.7
1939 or Older 4.5

Types of Homes

TYPE OF Lambertville HOMES
Single-Family 92.3
Townhomes 2.3
Small Apt. Buildings 0.8
Apt. Complexes 4.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Lambertville HOMES
No Bedroom 1.95
1 Bedroom 2.49
2 Bedrooms 9.16
3 Bedrooms 59.14
4 Bedrooms 23.98
5 or more bedrooms 3.28

Popular Neighborhoods in Lambertville

Zip Codes in Lambertville, MI