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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,961 people, 3,679 houses or apartments, and a median cost of homes of $296,007, Saline real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Saline, accounting for 66.99% of the city's housing units. Other types of housing that are prevalent in Saline include large apartment complexes or high rise apartments ( 18.03%), row houses and other attached homes ( 9.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saline. Owner-occupied housing accounts for 73.06% of Saline's homes, and 56.23% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Saline built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Saline built between 1940-1969 ( 22.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.18%). There's also some housing in Saline built before 1939 ( 13.61%).
Real estate appreciation rates in Saline's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.99% during the period.
Over the last year, Saline appreciation rates have trailed the rest of the nation. In the last twelve months, Saline's appreciation rate has been 0.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Saline were at -4.18%, which equates to an annual appreciation rate of -15.68%.
Notably, Saline's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Michigan, our data show that Saline's latest annual appreciation rate is lower than 90% 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 Saline differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Saline - 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 Saline real estate investment or home purchase decisions.
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