Linden, MI Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Linden, MI Housing Market Trends

With 3,939 people, 1,551 houses or apartments, and a median cost of homes of $191,492, 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 75.15% of the city's housing units. Other types of housing that are prevalent in Linden include mobile homes or trailers ( 12.30%), duplexes, homes converted to apartments or other small apartment buildings ( 4.39%), and a few large apartment complexes or high rise apartments ( 4.20%).

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 85.53% of Linden's homes, and 74.41% 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 ( 21.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.31%). There's also some housing in Linden built before 1939 ( 12.30%).

Linden Home Appreciation Rates

In the last 10 years, Linden has experienced some of the highest home appreciation rates of any community in the nation. Linden real estate appreciated 61.49% over the last ten years, which is an average annual home appreciation rate of 4.91%, putting Linden in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Linden definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Linden's appreciation rate, at 6.06%, has been at or slightly above the national average. In the latest quarter, Linden's appreciation rate has been 3.34%, which annualizes to a rate of 14.02%.

Importantly, this makes Linden one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Linden's latest annual appreciation rate is lower than 50% 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:
$191,492

Linden, MI HOME PRICES

> $1,225,000
0.0%
0.0%
$919,001 - $1,225,000
0.0%
0.0%
$612,001 - $919,000
1.8%
1.8%
$490,001 - $612,000
0.7%
0.7%
$367,001 - $490,000
1.1%
1.1%
$245,001 - $367,000
28.6%
28.6%
$122,001 - $245,000
49.3%
49.3%
$61,001 - $122,000
10.6%
10.6%
$0 - $61,000
7.9%
7.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for MI

Value Relative To Nation

Number Of Homes And Apartments:
1,551

Linden Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
35.87% 1.47%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$951 / per month

Homeownership Rate

Owners
85.5%
85.5%
Renters
14.5%
14.5%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.5%
21.5%
1970 - 1999
48.9%
48.9%
1940 - 1969
17.3%
17.3%
1939 or Older
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.2%
75.2%
Townhomes
4.0%
4.0%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
4.2%
4.2%
Mobile Homes
12.3%
12.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
3.6%
3.6%
2 Bedrooms
19.9%
19.9%
3 Bedrooms
53.6%
53.6%
4 Bedrooms
20.8%
20.8%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES