New Hudson, MI Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

New Hudson, MI Housing Market Trends

With a population of 14,926, 1,886 total housing units (homes and apartments), and a median house value of $158,906, 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 78.38% of the town's housing units. Other types of housing that are prevalent in New Hudson include large apartment complexes or high rise apartments ( 11.92%), mobile homes or trailers ( 4.47%), and a few row houses and other attached homes ( 4.15%).

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 83.56% of New Hudson's homes, and 73.33% have either three or four bedrooms, which is average sized relative to America.

New Hudson homes and real estate are some of the newest in America. 47.60% of New Hudson's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New Hudson real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.52%), and between 1940-1969 ( 10.90%). There's also some housing in New Hudson built before 1939 ( 1.98%).

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 77.25% over the last ten years, which is an average annual home appreciation rate of 5.89%, putting New Hudson in the top 20% 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.

NeighborhoodScout's data show that during the latest twelve months, New Hudson's appreciation rate, at 10.10%, has been at or slightly above the national average. In the latest quarter, New Hudson's appreciation rate has been 2.65%, which annualizes to a rate of 11.03%.

Relative to Michigan, our data show that New Hudson's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$158,906

New Hudson, MI HOME PRICES

> $1,346,000
0.1%
0.1%
$1,009,001 - $1,346,000
0.2%
0.2%
$673,001 - $1,009,000
0.5%
0.5%
$538,001 - $673,000
0.1%
0.1%
$404,001 - $538,000
2.2%
2.2%
$269,001 - $404,000
11.5%
11.5%
$135,001 - $269,000
42.8%
42.8%
$67,001 - $135,000
28.9%
28.9%
$0 - $67,000
13.8%
13.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for MI

Value Relative To Nation

Number Of Homes And Apartments:
1,886

New Hudson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
163.52% 4.61%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,139 / per month

Homeownership Rate

Owners
83.6%
83.6%
Renters
16.4%
16.4%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
47.6%
47.6%
1970 - 1999
39.5%
39.5%
1940 - 1969
10.9%
10.9%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.4%
78.4%
Townhomes
4.2%
4.2%
Small Apt. Buildings
1.1%
1.1%
Apt. Complexes
11.9%
11.9%
Mobile Homes
4.5%
4.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
8.0%
8.0%
2 Bedrooms
11.8%
11.8%
3 Bedrooms
41.9%
41.9%
4 Bedrooms
31.4%
31.4%
5 or more bedrooms
6.1%
6.1%
0.0% 100.0%
% OF HOMES