Mackinaw City, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mackinaw City Neighborhoods Since 2000




Mackinaw City, 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

Mackinaw City Housing Market Information

With a population of 802, 343 total housing units (homes and apartments), and a median house value of $129,849, house prices in Mackinaw City are solidly below the national average.

Single-family detached homes are the single most common housing type in Mackinaw City, accounting for 71.00% of the village's housing units. Other types of housing that are prevalent in Mackinaw City include large apartment complexes or high rise apartments ( 16.16%), duplexes, homes converted to apartments or other small apartment buildings ( 5.14%), and a few mobile homes or trailers ( 4.23%).

People in Mackinaw City primarily live in small (one, two or no bedroom) single-family detached homes. Mackinaw City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Mackinaw City 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 Mackinaw City built before 1939 ( 30.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.98%). There's also some housing in Mackinaw City built between 2000 and later ( 11.93%).

A decent proportion of the Mackinaw City housing stock is seasonally occupied. That is, homes and condos in Mackinaw City are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Mackinaw City housing market speaks to its popularity as a vacation location of choice.

Mackinaw City Home Appreciation Rates

Mackinaw City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mackinaw City during the period has been just -1.56%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Mackinaw City's appreciation rate, at 3.79%, has been at or slightly above the national average. In the latest quarter, Mackinaw City's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$129,849

Mackinaw City, MI HOME PRICES

Value Range
> $1,089,000 0.4
$816,001 - $1,089,000 0.7
$544,001 - $816,000 2.7
$436,001 - $544,000 4.4
$327,001 - $436,000 4.2
$218,001 - $327,000 11.9
$109,001 - $218,000 38.9
$54,001 - $109,000 24.4
$0 - $54,000 12.5

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
59.9554670104301 49.8397435897436

Number Of Homes And Apartments:
343

Mackinaw City 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
10.82% 0.60% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 61.02
Renters 38.98
Vacant 48.19

Housing Market Details

 

Age of Homes

AGE OF Mackinaw City HOMES
2000 or Newer 11.9
1970 - 1999 39.4
1940 - 1969 18.0
1939 or Older 30.7

Types of Homes

TYPE OF Mackinaw City HOMES
Single-Family 71.0
Townhomes 3.5
Small Apt. Buildings 5.1
Apt. Complexes 16.2
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Mackinaw City HOMES
No Bedroom 9.82
1 Bedroom 14.50
2 Bedrooms 29.76
3 Bedrooms 31.42
4 Bedrooms 13.75
5 or more bedrooms 0.76

Popular Neighborhoods in Mackinaw City

Popular Communities Near Mackinaw City, MI

Zip Codes in Mackinaw City, MI