Port Huron, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Huron, 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

Port Huron Housing Market Information

With 29,330 people, 12,354 houses or apartments, and a median cost of homes of $93,693, house prices in Port Huron 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 Port Huron, accounting for 66.97% of the city's housing units. Other types of housing that are prevalent in Port Huron include duplexes, homes converted to apartments or other small apartment buildings ( 14.30%), large apartment complexes or high rise apartments ( 13.84%), and a few row houses and other attached homes ( 4.73%).

The most prevalent building size and type in Port Huron are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.62% owning and 46.38% renting.

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. Port Huron's housing was primarily built during this period, from the '40s through the '60s. A full 39.56% of the city's housing hails from this era. Other housing ages represented in Port Huron include homes built before 1939 ( 35.57%) and housing constructed between 1970-1999 ( 21.87%). There's also some housing in Port Huron built between 2000 and later ( 3.00%).

Vacant housing appears to be an issue in Port Huron. Fully 11.52% of the housing stock is classified as vacant. Left unchecked, vacant Port Huron homes and apartments can be a drag on the real estate market, holding Port Huron 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.

Port Huron Home Appreciation Rates

Homes have actually lost value in Port Huron over the last then years, as home values have seen a decline of 21.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Port Huron home appreciation rates at 1.86%, which equates to an annual appreciation rate of 7.66%.

NeighborhoodScout's data show that during the latest twelve months, Port Huron's appreciation rate, at 4.61%, has been at or slightly above the national average. In the latest quarter, Port Huron's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.

Importantly, this makes Port Huron one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Port Huron's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Port Huron differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Huron - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Port Huron real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$93,693

Port Huron, MI HOME PRICES

Value Range
> $1,179,000 0.6
$884,001 - $1,179,000 0.2
$589,001 - $884,000 0.7
$471,001 - $589,000 0.8
$354,001 - $471,000 1.4
$236,001 - $354,000 3.6
$118,001 - $236,000 17.1
$59,001 - $118,000 51.6
$0 - $59,000 23.9

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
81.568615961561 80.9294871794872

Number Of Homes And Apartments:
12,354

Port Huron 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
-12.15% -0.75% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$940 / per month

Homeownership Rate

Homeownership
Owners 53.62
Renters 46.38
Vacant 11.52

Housing Market Details

 

Age of Homes

AGE OF Port Huron HOMES
2000 or Newer 3.0
1970 - 1999 21.9
1940 - 1969 39.6
1939 or Older 35.6

Types of Homes

TYPE OF Port Huron HOMES
Single-Family 67.0
Townhomes 4.7
Small Apt. Buildings 14.3
Apt. Complexes 13.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Port Huron HOMES
No Bedroom 1.91
1 Bedroom 12.36
2 Bedrooms 33.09
3 Bedrooms 38.34
4 Bedrooms 12.05
5 or more bedrooms 2.25