New Hudson, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Hudson Neighborhoods Since 2000




New Hudson, MI Real Estate Data


New Hudson Housing Market Information

With 12,888 people, 1,520 houses or apartments, and a median cost of homes of $105,614, house prices in New Hudson are solidly below the national average.

Single-family detached homes are the single most common housing type in New Hudson, accounting for 72.85% of the town's housing units. Other types of housing that are prevalent in New Hudson include large apartment complexes or high rise apartments ( 14.15%), mobile homes or trailers ( 9.04%), and a few row houses and other attached homes ( 3.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Hudson. Owner-occupied housing accounts for 83.46% of New Hudson's homes, and 70.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in New Hudson 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 New Hudson built between 2000 and later ( 38.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.59%). There's also some housing in New Hudson built before 1939 ( 5.03%).

New Hudson Home Appreciation Rates

In the last 10 years, New Hudson has experienced some of the highest home appreciation rates of any community in the nation. New Hudson real estate appreciated 51.63% over the last ten years, which is an average annual home appreciation rate of 4.25%, putting New Hudson in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, New Hudson definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in New Hudson that despite a nationwide downturn in the housing market, New Hudson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Hudson appreciation rates continue to be some of the highest in America, at 8.21%, which is higher than appreciation rates in 92.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Hudson. New Hudson appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes New Hudson 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 New Hudson's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$105,614

New Hudson, MI HOME PRICES

Value Range
> $1,226,000 0.0
$920,001 - $1,226,000 0.4
$613,001 - $920,000 2.5
$490,001 - $613,000 0.4
$368,001 - $490,000 0.8
$245,001 - $368,000 6.7
$123,001 - $245,000 26.1
$62,001 - $123,000 35.4
$0 - $62,000 27.7

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
75.2942554312818 72.4358974358974

Number Of Homes And Apartments:
1,520

Rent & Ownership

 

Average Market Rent:
$792 / per month

Homeownership Rate

Homeownership
Owners 83.46
Renters 16.54
Vacant 4.48

Housing Market Details

 

Age of Homes

AGE OF New Hudson HOMES
2000 or Newer 38.5
1970 - 1999 41.9
1940 - 1969 14.6
1939 or Older 5.0

Types of Homes

TYPE OF New Hudson HOMES
Single-Family 72.8
Townhomes 3.2
Small Apt. Buildings 0.7
Apt. Complexes 14.1
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF New Hudson HOMES
No Bedroom 0.00
1 Bedroom 7.79
2 Bedrooms 18.23
3 Bedrooms 40.68
4 Bedrooms 30.27
5 or more bedrooms 3.03

New Hudson 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
95.89% 4.03% 10 10
* 10 is highest