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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 84,398, 3,031 total housing units (homes and apartments), and a median house value of $277,775, Macomb real estate is some of the most expensive in Michigan, although Macomb home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Macomb, accounting for 81.40% of the town's housing units. Other types of housing that are prevalent in Macomb include row houses and other attached homes ( 10.01%), mobile homes or trailers ( 5.15%), and a few large apartment complexes or high rise apartments ( 2.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Macomb. Owner-occupied housing accounts for 93.11% of Macomb's homes, and 83.32% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Macomb 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 Macomb built between 2000 and later ( 43.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.18%). There's also some housing in Macomb built before 1939 ( 1.59%).
Real estate appreciation rates in Macomb's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.
NeighborhoodScout's data show that during the latest twelve months, Macomb's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Macomb's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.
Importantly, this makes Macomb one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Michigan, our data show that Macomb'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 town. Individual neighborhoods within Macomb differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Macomb - 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 Macomb real estate investment or home purchase decisions.
|$910,001 - $1,214,000||0.0|
|$607,001 - $910,000||0.1|
|$486,001 - $607,000||0.9|
|$364,001 - $486,000||10.1|
|$243,001 - $364,000||47.3|
|$121,001 - $243,000||30.6|
|$61,001 - $121,000||4.7|
|$0 - $61,000||6.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Macomb HOMES|
|2000 or Newer||44.0|
|1970 - 1999||50.2|
|1940 - 1969||4.2|
|1939 or Older||1.6|
|TYPE OF Macomb HOMES|
|Small Apt. Buildings||1.2|
|SIZE OF Macomb HOMES|
|5 or more bedrooms||2.29|