Oscoda, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Oscoda Neighborhoods Since 2000




Oscoda, 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

Oscoda Housing Market Information

With a population of 888, 322 total housing units (homes and apartments), and a median house value of $82,227, house prices in Oscoda are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Oscoda, accounting for 89.21% of the town's housing units. Other types of housing that are prevalent in Oscoda include large apartment complexes or high rise apartments ( 7.05%), row houses and other attached homes ( 3.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oscoda. Owner-occupied housing accounts for 82.85% of Oscoda's homes, and 61.41% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oscoda's housing was primarily built during this period, from the '40s through the '60s. A full 62.45% of the town's housing hails from this era. Other housing ages represented in Oscoda include homes built between 1970-1999 ( 31.33%) and housing constructed before 1939 ( 6.22%).

Vacant housing appears to be an issue in Oscoda. Fully 33.20% of the housing stock is classified as vacant. Left unchecked, vacant Oscoda homes and apartments can be a drag on the real estate market, holding Oscoda real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Oscoda Home Appreciation Rates

Homes have actually lost value in Oscoda over the last then years, as home values have seen a decline of 20.16% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Oscoda home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Oscoda appreciation rates have trailed the rest of the nation. In the last twelve months, Oscoda's appreciation rate has been 0.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oscoda were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Oscoda's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$82,227

Oscoda, MI HOME PRICES

Value Range
> $1,031,000 1.1
$773,001 - $1,031,000 0.0
$516,001 - $773,000 0.0
$412,001 - $516,000 0.0
$309,001 - $412,000 4.2
$206,001 - $309,000 2.1
$103,001 - $206,000 29.5
$52,001 - $103,000 49.1
$0 - $52,000 14.0

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
89.0542599320286 89.7435897435898

Number Of Homes And Apartments:
322

Oscoda 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
-6.19% -0.37% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$704 / per month

Homeownership Rate

Homeownership
Owners 82.85
Renters 17.15
Vacant 33.20

Housing Market Details

 

Age of Homes

AGE OF Oscoda HOMES
2000 or Newer 0.0
1970 - 1999 31.3
1940 - 1969 62.4
1939 or Older 6.2

Types of Homes

TYPE OF Oscoda HOMES
Single-Family 89.2
Townhomes 3.7
Small Apt. Buildings 0.0
Apt. Complexes 7.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oscoda HOMES
No Bedroom 0.00
1 Bedroom 13.49
2 Bedrooms 23.44
3 Bedrooms 47.30
4 Bedrooms 14.11
5 or more bedrooms 1.66

Popular Neighborhoods in Oscoda

Zip Codes in Oscoda, MI