Mecosta, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mecosta, MI Real Estate Data


Mecosta Housing Market Information

With a population of 453, 173 total housing units (homes and apartments), and a median house value of $145,251, Mecosta 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 Mecosta, accounting for 77.61% of the village's housing units. Other types of housing that are prevalent in Mecosta include mobile homes or trailers ( 20.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mecosta. Owner-occupied housing accounts for 67.84% of Mecosta's homes, and 66.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mecosta 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 Mecosta built between 1940-1969 ( 29.85%). A lesser amount of the housing stock also hails from before 1939 ( 26.87%). There's also some housing in Mecosta built between 2000 and later ( 7.46%).

Vacant housing appears to be an issue in Mecosta. Fully 13.93% of the housing stock is classified as vacant. Left unchecked, vacant Mecosta homes and apartments can be a drag on the real estate market, holding Mecosta real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mecosta Home Appreciation Rates

Mecosta's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mecosta during the period has been just -1.48%, which is lower than 80% of US communities.

Over the last year, Mecosta appreciation rates have trailed the rest of the nation. In the last twelve months, Mecosta's appreciation rate has been 3.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mecosta were at 1.43%, which equates to an annual appreciation rate of 5.84%.

Relative to Michigan, our data show that Mecosta's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$145,251

Mecosta, MI HOME PRICES

Value Range
> $1,112,000 0.0
$833,001 - $1,112,000 1.1
$556,001 - $833,000 1.4
$444,001 - $556,000 0.0
$334,001 - $444,000 10.4
$223,001 - $334,000 12.6
$111,001 - $223,000 39.2
$56,001 - $111,000 18.5
$0 - $56,000 16.8

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
53.0596709023833 39.9038461538462

Number Of Homes And Apartments:
173

Rent & Ownership

 

Average Market Rent:
$897 / per month

Homeownership Rate

Homeownership
Owners 67.84
Renters 32.16
Vacant 13.93

Housing Market Details

 

Age of Homes

AGE OF Mecosta HOMES
2000 or Newer 7.5
1970 - 1999 35.8
1940 - 1969 29.9
1939 or Older 26.9

Types of Homes

TYPE OF Mecosta HOMES
Single-Family 77.6
Townhomes 0.5
Small Apt. Buildings 1.0
Apt. Complexes 0.0
Mobile Homes 20.9
Other 0.0

Home Size

SIZE OF Mecosta HOMES
No Bedroom 2.99
1 Bedroom 3.48
2 Bedrooms 23.38
3 Bedrooms 43.28
4 Bedrooms 23.38
5 or more bedrooms 3.48

Mecosta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
8.86% 0.50% 6 1
* 10 is highest

Popular Neighborhoods in Mecosta

Zip Codes in Mecosta, MI