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 about Scout's Real Estate Data
With a population of 4,341, 1,710 total housing units (homes and apartments), and a median house value of $214,572, house prices in Middleville are solidly below the national average.
Single-family detached homes are the single most common housing type in Middleville, accounting for 56.90% of the village's housing units. Other types of housing that are prevalent in Middleville include mobile homes or trailers ( 19.24%), large apartment complexes or high rise apartments ( 12.57%), and a few row houses and other attached homes ( 5.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middleville. Owner-occupied housing accounts for 74.69% of Middleville's homes, and 68.19% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Middleville 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 Middleville built between 2000 and later ( 25.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.53%). There's also some housing in Middleville built before 1939 ( 8.48%).
Appreciation rates for homes in Middleville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.18%, which ranks in the top 30% nationwide. This equates to an annual average Middleville house appreciation rate of 7.35%.
NeighborhoodScout's data show that during the latest twelve months, Middleville's appreciation rate, at 3.77%, has been at or slightly above the national average. In the latest quarter, Middleville's appreciation rate has been 3.83%, which annualizes to a rate of 16.21%.
Importantly, this makes Middleville one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Michigan, our data show that Middleville's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.
$1,661 / per month