North Street, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Street, MI Real Estate Data


North Street Housing Market Information

With a population of 5,488, 1,053 total housing units (homes and apartments), and a median house value of $98,940, 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 95.36% of the town's housing units. Other types of housing that are prevalent in North Street include row houses and other attached homes ( 3.20%).

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 88.56% of North Street's homes, and 80.19% 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 ( 29.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.02%). There's also some housing in North Street built before 1939 ( 6.74%).

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 42.64% over the last ten years, which is an average annual home appreciation rate of 3.62%, 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.

Appreciation rates are so strong in North Street that despite a nationwide downturn in the housing market, North Street real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Street appreciation rates continue to be some of the highest in America, at 7.61%, which is higher than appreciation rates in 89.27% 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 Street. North Street appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

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

Average Home Values

 

Median Home Value:
$98,940

North Street, MI HOME PRICES

Value Range
> $1,183,000 0.1
$887,001 - $1,183,000 0.0
$592,001 - $887,000 0.6
$473,001 - $592,000 0.7
$355,001 - $473,000 3.2
$237,001 - $355,000 4.7
$118,001 - $237,000 26.0
$59,001 - $118,000 31.4
$0 - $59,000 33.2

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
79.4694618492709 78.2051282051282

Number Of Homes And Apartments:
1,053

Rent & Ownership

 

Average Market Rent:
$810 / per month

Homeownership Rate

Homeownership
Owners 88.56
Renters 11.44
Vacant 4.96

Housing Market Details

 

Age of Homes

AGE OF North Street HOMES
2000 or Newer 9.0
1970 - 1999 54.8
1940 - 1969 29.4
1939 or Older 6.7

Types of Homes

TYPE OF North Street HOMES
Single-Family 95.4
Townhomes 3.2
Small Apt. Buildings 0.2
Apt. Complexes 0.0
Mobile Homes 0.9
Other 0.4

Home Size

SIZE OF North Street HOMES
No Bedroom 0.00
1 Bedroom 2.79
2 Bedrooms 13.18
3 Bedrooms 60.50
4 Bedrooms 19.69
5 or more bedrooms 3.84

North Street 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
93.71% 3.97% 10 10
* 10 is highest

Popular Neighborhoods in North Street

Zip Codes in North Street, MI