Mount Clemens, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Clemens Neighborhoods Since 2000




Mount Clemens, 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

Mount Clemens Housing Market Information

With 16,400 people, 6,645 houses or apartments, and a median cost of homes of $101,838, house prices in Mount Clemens are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Clemens, accounting for 61.15% of the city's housing units. Other types of housing that are prevalent in Mount Clemens include large apartment complexes or high rise apartments ( 21.69%), duplexes, homes converted to apartments or other small apartment buildings ( 9.96%), and a few row houses and other attached homes ( 5.29%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mount Clemens's housing was primarily built during this period, from the '40s through the '60s. A full 41.84% of the city's housing hails from this era. Other housing ages represented in Mount Clemens include homes built before 1939 ( 34.39%) and housing constructed between 1970-1999 ( 19.69%). There's also some housing in Mount Clemens built between 2000 and later ( 4.07%).

Vacant housing appears to be an issue in Mount Clemens. Fully 12.37% of the housing stock is classified as vacant. Left unchecked, vacant Mount Clemens homes and apartments can be a drag on the real estate market, holding Mount Clemens 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.

Mount Clemens Home Appreciation Rates

Homes have actually lost value in Mount Clemens over the last then years, as home values have seen a decline of 24.59% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Clemens home appreciation rates at 1.86%, which equates to an annual appreciation rate of 7.66%.

Appreciation rates are so strong in Mount Clemens that despite a nationwide downturn in the housing market, Mount Clemens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Clemens appreciation rates continue to be some of the highest in America, at 9.03%, which is higher than appreciation rates in 90.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Clemens. Mount Clemens appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Mount Clemens one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Mount Clemens's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Mount Clemens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Clemens - 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 Mount Clemens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$101,838

Mount Clemens, MI HOME PRICES

Value Range
> $1,373,000 0.0
$1,030,001 - $1,373,000 0.2
$687,001 - $1,030,000 0.1
$549,001 - $687,000 0.0
$412,001 - $549,000 0.8
$274,001 - $412,000 3.6
$137,001 - $274,000 22.8
$69,001 - $137,000 43.8
$0 - $69,000 28.5

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
76.4268135474042 74.198717948718

Number Of Homes And Apartments:
6,645

Mount Clemens 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
-17.49% -1.11% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$885 / per month

Homeownership Rate

Homeownership
Owners 54.00
Renters 46.00
Vacant 12.37

Housing Market Details

 

Age of Homes

AGE OF Mount Clemens HOMES
2000 or Newer 4.1
1970 - 1999 19.7
1940 - 1969 41.8
1939 or Older 34.4

Types of Homes

TYPE OF Mount Clemens HOMES
Single-Family 61.1
Townhomes 5.3
Small Apt. Buildings 10.0
Apt. Complexes 21.7
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Mount Clemens HOMES
No Bedroom 6.33
1 Bedroom 17.14
2 Bedrooms 25.21
3 Bedrooms 37.08
4 Bedrooms 11.09
5 or more bedrooms 3.14