Plainwell, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Plainwell Neighborhoods Since 2000




Plainwell, 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

Plainwell Housing Market Information

With a population of 3,822, 1,628 total housing units (homes and apartments), and a median house value of $142,477, Plainwell 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 Plainwell, accounting for 63.57% of the city's housing units. Other types of housing that are prevalent in Plainwell include duplexes, homes converted to apartments or other small apartment buildings ( 16.50%), large apartment complexes or high rise apartments ( 15.86%), and a few row houses and other attached homes ( 3.49%).

People in Plainwell primarily live in small (one, two or no bedroom) single-family detached homes. Plainwell has a mixture of owner-occupied and renter-occupied housing.

The housing in Plainwell was primarily built before 1939 ( 41.08%), making the housing stock in Plainwell some of the oldest overall in America, although there is a range of ages of homes in Plainwell. The next most important housing age is between 1970-1999 ( 30.85%), followed by between 1940-1969 ( 26.32%). There's also some housing in Plainwell built between 2000 and later ( 1.74%).

Plainwell Home Appreciation Rates

Real estate appreciation rates in Plainwell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.15% during the period.

NeighborhoodScout's data show that during the latest twelve months, Plainwell's appreciation rate, at 4.87%, has been at or slightly above the national average. In the latest quarter, Plainwell's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$142,477

Plainwell, MI HOME PRICES

Value Range
> $1,168,000 1.5
$877,001 - $1,168,000 0.0
$584,001 - $877,000 0.2
$468,001 - $584,000 0.6
$350,001 - $468,000 6.8
$234,001 - $350,000 10.9
$117,001 - $234,000 46.6
$58,001 - $117,000 21.6
$0 - $58,000 11.8

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
53.6153756006094 41.6666666666667

Number Of Homes And Apartments:
1,628

Plainwell 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
13.94% 0.76% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$735 / per month

Homeownership Rate

Homeownership
Owners 50.47
Renters 49.53
Vacant 5.40

Housing Market Details

 

Age of Homes

AGE OF Plainwell HOMES
2000 or Newer 1.7
1970 - 1999 30.9
1940 - 1969 26.3
1939 or Older 41.1

Types of Homes

TYPE OF Plainwell HOMES
Single-Family 63.6
Townhomes 3.5
Small Apt. Buildings 16.5
Apt. Complexes 15.9
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Plainwell HOMES
No Bedroom 0.00
1 Bedroom 20.34
2 Bedrooms 35.79
3 Bedrooms 31.26
4 Bedrooms 11.50
5 or more bedrooms 1.10