North Branch, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Branch, 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

North Branch Housing Market Information

With 1,029 people, 442 houses or apartments, and a median cost of homes of $160,656, North Branch real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in North Branch, accounting for 64.16% of the village's housing units. Other types of housing that are prevalent in North Branch include large apartment complexes or high rise apartments ( 13.52%), mobile homes or trailers ( 12.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.44%).

The most prevalent building size and type in North Branch are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.89% owning and 41.11% renting.

There is a lot of housing in North Branch 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 North Branch built before 1939 ( 28.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.89%). There's also some housing in North Branch built between 2000 and later ( 16.09%).

North Branch Home Appreciation Rates

Real estate appreciation rates in North Branch's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.79% during the period.

Appreciation rates are so strong in North Branch that despite a nationwide downturn in the housing market, North Branch real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Branch appreciation rates continue to be some of the highest in America, at 7.99%, which is higher than appreciation rates in 86.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Branch. North Branch appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes North Branch 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 North Branch's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$160,656

North Branch, MI HOME PRICES

Value Range
> $1,242,000 0.0
$931,001 - $1,242,000 0.0
$621,001 - $931,000 0.0
$496,001 - $621,000 2.1
$372,001 - $496,000 1.0
$248,001 - $372,000 14.1
$124,001 - $248,000 47.1
$62,001 - $124,000 24.8
$0 - $62,000 10.9

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
45.3943513418493 31.5705128205128

Number Of Homes And Apartments:
442

North Branch 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
-2.55% -0.15% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,015 / per month

Homeownership Rate

Homeownership
Owners 58.89
Renters 41.11
Vacant 5.15

Housing Market Details

 

Age of Homes

AGE OF North Branch HOMES
2000 or Newer 16.1
1970 - 1999 30.0
1940 - 1969 24.9
1939 or Older 29.0

Types of Homes

TYPE OF North Branch HOMES
Single-Family 64.2
Townhomes 3.9
Small Apt. Buildings 6.4
Apt. Complexes 13.5
Mobile Homes 12.0
Other 0.0

Home Size

SIZE OF North Branch HOMES
No Bedroom 0.00
1 Bedroom 13.73
2 Bedrooms 18.88
3 Bedrooms 54.51
4 Bedrooms 8.37
5 or more bedrooms 4.51

Popular Neighborhoods in North Branch

Zip Codes in North Branch, MI