Linden, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Linden Neighborhoods Since 2000




Linden, 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

Linden Housing Market Information

With 3,839 people, 1,523 houses or apartments, and a median cost of homes of $153,901, Linden 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 Linden, accounting for 67.46% of the city's housing units. Other types of housing that are prevalent in Linden include mobile homes or trailers ( 13.52%), row houses and other attached homes ( 8.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Linden. Owner-occupied housing accounts for 77.73% of Linden's homes, and 66.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Linden 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 Linden built between 2000 and later ( 21.21%). A lesser amount of the housing stock also hails from before 1939 ( 17.15%). There's also some housing in Linden built between 1940-1969 ( 10.14%).

Linden Home Appreciation Rates

Linden's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Linden during the period has been just -1.08%, which is lower than 70% of US communities.

Appreciation rates are so strong in Linden that despite a nationwide downturn in the housing market, Linden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Linden appreciation rates continue to be some of the highest in America, at 6.83%, which is higher than appreciation rates in 80.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Linden. Linden appreciation rates in the latest quarter were at 0.16%, which equates to an annual appreciation rate of 0.64%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Linden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Linden - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Linden real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,901

Linden, MI HOME PRICES

Value Range
> $1,247,000 0.0
$935,001 - $1,247,000 0.0
$623,001 - $935,000 0.7
$498,001 - $623,000 0.6
$374,001 - $498,000 0.6
$249,001 - $374,000 6.3
$124,001 - $249,000 59.9
$62,001 - $124,000 21.7
$0 - $62,000 10.3

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
48.3593109105824 34.775641025641

Number Of Homes And Apartments:
1,523

Linden 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
8.78% 0.49% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 77.73
Renters 22.27
Vacant 4.69

Housing Market Details

 

Age of Homes

AGE OF Linden HOMES
2000 or Newer 21.2
1970 - 1999 51.5
1940 - 1969 10.1
1939 or Older 17.1

Types of Homes

TYPE OF Linden HOMES
Single-Family 67.5
Townhomes 8.8
Small Apt. Buildings 7.6
Apt. Complexes 2.7
Mobile Homes 13.5
Other 0.0

Home Size

SIZE OF Linden HOMES
No Bedroom 0.00
1 Bedroom 4.38
2 Bedrooms 28.97
3 Bedrooms 49.44
4 Bedrooms 16.77
5 or more bedrooms 0.44