Quincy, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Quincy Neighborhoods Since 2000




Quincy, 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

Quincy Housing Market Information

With a population of 1,640, 656 total housing units (homes and apartments), and a median house value of $105,724, house prices in Quincy are solidly below the national average.

Single-family detached homes are the single most common housing type in Quincy, accounting for 71.65% of the village's housing units. Other types of housing that are prevalent in Quincy include large apartment complexes or high rise apartments ( 14.94%), duplexes, homes converted to apartments or other small apartment buildings ( 10.10%), and a few mobile homes or trailers ( 3.32%).

The most prevalent building size and type in Quincy are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 56.40% owning and 43.60% renting.

The housing in Quincy was primarily built before 1939 ( 40.53%), making the housing stock in Quincy some of the oldest overall in America, although there is a range of ages of homes in Quincy. The next most important housing age is between 1940-1969 ( 26.14%), followed by between 1970-1999 ( 24.90%). There's also some housing in Quincy built between 2000 and later ( 8.44%).

Quincy Home Appreciation Rates

Real estate appreciation rates in Quincy's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.

Appreciation rates are so strong in Quincy that despite a nationwide downturn in the housing market, Quincy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Quincy appreciation rates continue to be some of the highest in America, at 8.39%, which is higher than appreciation rates in 88.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Quincy. Quincy appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Quincy's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$105,724

Quincy, MI HOME PRICES

Value Range
> $1,163,000 0.0
$873,001 - $1,163,000 0.0
$582,001 - $873,000 1.7
$465,001 - $582,000 0.8
$349,001 - $465,000 1.6
$233,001 - $349,000 12.3
$116,001 - $233,000 31.1
$58,001 - $116,000 40.2
$0 - $58,000 12.4

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
73.8368686276808 70.9935897435898

Number Of Homes And Apartments:
656

Quincy 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
14.03% 0.76% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 56.40
Renters 43.60
Vacant 9.27

Housing Market Details

 

Age of Homes

AGE OF Quincy HOMES
2000 or Newer 8.4
1970 - 1999 24.9
1940 - 1969 26.1
1939 or Older 40.5

Types of Homes

TYPE OF Quincy HOMES
Single-Family 71.6
Townhomes 0.0
Small Apt. Buildings 10.1
Apt. Complexes 14.9
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Quincy HOMES
No Bedroom 1.52
1 Bedroom 13.69
2 Bedrooms 20.75
3 Bedrooms 47.44
4 Bedrooms 12.17
5 or more bedrooms 4.43

Popular Neighborhoods in Quincy

Zip Codes in Quincy, MI