Saline, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Saline, MI Real Estate Data


Saline Housing Market Information

With a population of 9,100, 3,891 total housing units (homes and apartments), and a median house value of $240,410, Saline real estate is some of the most expensive in Michigan, although Saline home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Saline, accounting for 59.18% of the city's housing units. Other types of housing that are prevalent in Saline include large apartment complexes or high rise apartments ( 21.28%), row houses and other attached homes ( 11.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.79%).

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 73.25% of Saline's homes, and 56.42% 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 ( 27.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.43%). There's also some housing in Saline built before 1939 ( 5.70%).

Saline Home Appreciation Rates

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 0.18% during the period.

NeighborhoodScout's data show that during the latest twelve months, Saline's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Saline's appreciation rate has been 1.35%, which annualizes to a rate of 5.53%.

Relative to Michigan, our data show that Saline's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$240,410

Saline, MI HOME PRICES

Value Range
> $1,275,000 0.0
$956,001 - $1,275,000 0.0
$637,001 - $956,000 0.0
$510,001 - $637,000 1.8
$382,001 - $510,000 5.5
$255,001 - $382,000 37.4
$127,001 - $255,000 39.0
$64,001 - $127,000 7.9
$0 - $64,000 8.4

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
24.6940329097617 8.65384615384615

Number Of Homes And Apartments:
3,891

Rent & Ownership

 

Average Market Rent:
$1,409 / per month

Homeownership Rate

Homeownership
Owners 73.25
Renters 26.75
Vacant 5.58

Housing Market Details

 

Age of Homes

AGE OF Saline HOMES
2000 or Newer 16.4
1970 - 1999 50.0
1940 - 1969 27.9
1939 or Older 5.7

Types of Homes

TYPE OF Saline HOMES
Single-Family 59.2
Townhomes 11.2
Small Apt. Buildings 6.8
Apt. Complexes 21.3
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Saline HOMES
No Bedroom 0.83
1 Bedroom 11.07
2 Bedrooms 29.31
3 Bedrooms 34.51
4 Bedrooms 21.91
5 or more bedrooms 2.38

Saline Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
15.05% 0.83% 7 2
* 10 is highest