Macomb, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Macomb Neighborhoods Since 2000




Macomb, 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

Macomb Housing Market Information

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%).

Macomb Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$277,775

Macomb, MI HOME PRICES

Value Range
> $1,214,000 0.1
$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

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
18.7097152232509 6.25

Number Of Homes And Apartments:
3,031

Macomb 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
7.98% 0.45% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,997 / per month

Homeownership Rate

Homeownership
Owners 93.11
Renters 6.89
Vacant 2.05

Housing Market Details

 

Age of Homes

AGE OF Macomb HOMES
2000 or Newer 44.0
1970 - 1999 50.2
1940 - 1969 4.2
1939 or Older 1.6

Types of Homes

TYPE OF Macomb HOMES
Single-Family 81.4
Townhomes 10.0
Small Apt. Buildings 1.2
Apt. Complexes 2.3
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Macomb HOMES
No Bedroom 0.08
1 Bedroom 0.93
2 Bedrooms 13.37
3 Bedrooms 51.93
4 Bedrooms 31.39
5 or more bedrooms 2.29