Rogers City, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rogers City, 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

Rogers City Housing Market Information

With a population of 2,712, 1,325 total housing units (homes and apartments), and a median house value of $75,442, house prices in Rogers City 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 Rogers City, accounting for 83.28% of the city's housing units. Other types of housing that are prevalent in Rogers City include large apartment complexes or high rise apartments ( 12.79%), mobile homes or trailers ( 2.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rogers City. Owner-occupied housing accounts for 67.72% of Rogers City's homes, and 59.15% 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. Rogers City's housing was primarily built during this period, from the '40s through the '60s. A full 41.77% of the city's housing hails from this era. Other housing ages represented in Rogers City include homes built before 1939 ( 29.31%) and housing constructed between 1970-1999 ( 27.02%). There's also some housing in Rogers City built between 2000 and later ( 1.90%).

Vacant housing appears to be an issue in Rogers City. Fully 13.11% of the housing stock is classified as vacant. Left unchecked, vacant Rogers City homes and apartments can be a drag on the real estate market, holding Rogers City 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.

Rogers City Home Appreciation Rates

Homes have actually lost value in Rogers City over the last then years, as home values have seen a decline of 20.08% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rogers City home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Rogers City appreciation rates have trailed the rest of the nation. In the last twelve months, Rogers City's appreciation rate has been 1.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rogers City were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$75,442

Rogers City, MI HOME PRICES

Value Range
> $1,100,000 0.1
$825,001 - $1,100,000 0.2
$550,001 - $825,000 0.0
$440,001 - $550,000 0.0
$330,001 - $440,000 0.3
$220,001 - $330,000 4.4
$110,001 - $220,000 14.4
$55,001 - $110,000 57.8
$0 - $55,000 22.7

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
92.9450369155045 92.7884615384615

Number Of Homes And Apartments:
1,325

Rogers City 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
-6.67% -0.40% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$691 / per month

Homeownership Rate

Homeownership
Owners 67.72
Renters 32.28
Vacant 13.11

Housing Market Details

 

Age of Homes

AGE OF Rogers City HOMES
2000 or Newer 1.9
1970 - 1999 27.0
1940 - 1969 41.8
1939 or Older 29.3

Types of Homes

TYPE OF Rogers City HOMES
Single-Family 83.3
Townhomes 0.7
Small Apt. Buildings 1.1
Apt. Complexes 12.8
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Rogers City HOMES
No Bedroom 0.46
1 Bedroom 4.92
2 Bedrooms 29.70
3 Bedrooms 48.00
4 Bedrooms 11.15
5 or more bedrooms 5.77

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Zip Codes in Rogers City, MI