Mount Pleasant, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Mount Pleasant Neighborhoods Since 2000




Mount Pleasant, 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 Pleasant Housing Market Information

With 26,060 people, 8,188 houses or apartments, and a median cost of homes of $122,479, house prices in Mount Pleasant are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Pleasant, accounting for 40.62% of the city's housing units. Other types of housing that are prevalent in Mount Pleasant include large apartment complexes or high rise apartments ( 36.58%), duplexes, homes converted to apartments or other small apartment buildings ( 13.84%), and a few row houses and other attached homes ( 7.65%).

Mount Pleasant is dominated by renter-occupied one, two, or no bedrooms apartments. 71.87% of Mount Pleasant's dwellings are rentals.

There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 1940-1969 ( 27.56%). A lesser amount of the housing stock also hails from before 1939 ( 14.53%). There's also some housing in Mount Pleasant built between 2000 and later ( 14.27%).

Vacant housing appears to be an issue in Mount Pleasant. Fully 12.88% of the housing stock is classified as vacant. Left unchecked, vacant Mount Pleasant homes and apartments can be a drag on the real estate market, holding Mount Pleasant 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 Pleasant Home Appreciation Rates

Mount Pleasant's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Pleasant during the period has been just -0.94%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Mount Pleasant's appreciation rate, at 3.19%, has been at or slightly above the national average. In the latest quarter, Mount Pleasant's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Mount Pleasant's latest annual appreciation rate is lower than 70% 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 Pleasant differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Pleasant - 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 Pleasant real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$122,479

Mount Pleasant, MI HOME PRICES

Value Range
> $1,074,000 0.4
$805,001 - $1,074,000 0.4
$537,001 - $805,000 0.0
$430,001 - $537,000 1.0
$322,001 - $430,000 2.3
$215,001 - $322,000 12.1
$107,001 - $215,000 50.4
$54,001 - $107,000 25.8
$0 - $54,000 7.6

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
64.0747685456463 56.4102564102564

Number Of Homes And Apartments:
8,188

Mount Pleasant 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
9.98% 0.55% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,001 / per month

Homeownership Rate

Homeownership
Owners 28.13
Renters 71.87
Vacant 12.88

Housing Market Details

 

Age of Homes

AGE OF Mount Pleasant HOMES
2000 or Newer 14.3
1970 - 1999 43.6
1940 - 1969 27.6
1939 or Older 14.5

Types of Homes

TYPE OF Mount Pleasant HOMES
Single-Family 40.6
Townhomes 7.6
Small Apt. Buildings 13.8
Apt. Complexes 36.6
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Mount Pleasant HOMES
No Bedroom 1.36
1 Bedroom 15.38
2 Bedrooms 36.48
3 Bedrooms 27.48
4 Bedrooms 15.20
5 or more bedrooms 4.09