Onsted, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Onsted Neighborhoods Since 2000




Onsted, 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

Onsted Housing Market Information

With 904 people, 396 houses or apartments, and a median cost of homes of $186,542, Onsted real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Onsted, accounting for 69.86% of the village's housing units. Other types of housing that are prevalent in Onsted include row houses and other attached homes ( 12.85%), large apartment complexes or high rise apartments ( 9.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Onsted. Owner-occupied housing accounts for 72.73% of Onsted's homes, and 54.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Onsted 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 Onsted built between 2000 and later ( 24.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.60%). There's also some housing in Onsted built before 1939 ( 22.90%).

Onsted Home Appreciation Rates

Onsted's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Onsted during the period has been just -0.82%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Onsted's appreciation rate, at 5.41%, has been at or slightly above the national average. In the latest quarter, Onsted's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$186,542

Onsted, MI HOME PRICES

Value Range
> $1,171,000 0.6
$878,001 - $1,171,000 0.0
$585,001 - $878,000 1.0
$468,001 - $585,000 1.9
$351,001 - $468,000 5.2
$234,001 - $351,000 26.1
$117,001 - $234,000 41.3
$58,001 - $117,000 17.6
$0 - $58,000 6.2

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
35.8724950193367 19.2307692307692

Number Of Homes And Apartments:
396

Onsted 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
1.36% 0.08% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$786 / per month

Homeownership Rate

Homeownership
Owners 72.73
Renters 27.27
Vacant 7.48

Housing Market Details

 

Age of Homes

AGE OF Onsted HOMES
2000 or Newer 24.8
1970 - 1999 28.7
1940 - 1969 23.6
1939 or Older 22.9

Types of Homes

TYPE OF Onsted HOMES
Single-Family 69.9
Townhomes 12.9
Small Apt. Buildings 6.8
Apt. Complexes 9.6
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Onsted HOMES
No Bedroom 0.93
1 Bedroom 8.88
2 Bedrooms 30.37
3 Bedrooms 36.45
4 Bedrooms 18.22
5 or more bedrooms 5.14