North Street, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating North Street Neighborhoods Since 2000




North Street, 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 Street Housing Market Information

With 5,488 people, 1,042 houses or apartments, and a median cost of homes of $111,809, house prices in North Street are solidly below the national average.

Single-family detached homes are the single most common housing type in North Street, accounting for 92.75% of the town's housing units. Other types of housing that are prevalent in North Street include row houses and other attached homes ( 5.18%), mobile homes or trailers ( 1.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Street. Owner-occupied housing accounts for 86.83% of North Street's homes, and 78.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Street 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 Street built between 1940-1969 ( 25.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.00%). There's also some housing in North Street built before 1939 ( 9.37%).

North Street Home Appreciation Rates

In the last 10 years, North Street has experienced some of the highest home appreciation rates of any community in the nation. North Street real estate appreciated 25.22% over the last ten years, which is an average annual home appreciation rate of 2.27%, putting North Street in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Street definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, North Street appreciation rates have trailed the rest of the nation. In the last twelve months, North Street's appreciation rate has been 2.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Street were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Michigan, our data show that North Street's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$111,809

North Street, MI HOME PRICES

Value Range
> $1,102,000 0.1
$827,001 - $1,102,000 0.1
$551,001 - $827,000 0.6
$441,001 - $551,000 0.7
$331,001 - $441,000 3.3
$220,001 - $331,000 4.4
$110,001 - $220,000 26.5
$55,001 - $110,000 30.5
$0 - $55,000 33.7

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
70.2654400562522 64.5833333333333

Number Of Homes And Apartments:
1,042

North Street 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
80.34% 3.48% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,037 / per month

Homeownership Rate

Homeownership
Owners 86.83
Renters 13.17
Vacant 6.22

Housing Market Details

 

Age of Homes

AGE OF North Street HOMES
2000 or Newer 10.0
1970 - 1999 54.7
1940 - 1969 26.0
1939 or Older 9.4

Types of Homes

TYPE OF North Street HOMES
Single-Family 92.8
Townhomes 5.2
Small Apt. Buildings 0.3
Apt. Complexes 0.0
Mobile Homes 1.4
Other 0.4

Home Size

SIZE OF North Street HOMES
No Bedroom 0.00
1 Bedroom 1.30
2 Bedrooms 15.45
3 Bedrooms 59.39
4 Bedrooms 19.25
5 or more bedrooms 4.61

Popular Neighborhoods in North Street

Zip Codes in North Street, MI