Sand Lake, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sand Lake Neighborhoods Since 2000




Sand Lake, 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

Sand Lake Housing Market Information

With a population of 521, 203 total housing units (homes and apartments), and a median house value of $164,378, Sand Lake real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Sand Lake, accounting for 61.54% of the village's housing units. Other types of housing that are prevalent in Sand Lake include large apartment complexes or high rise apartments ( 23.08%), mobile homes or trailers ( 10.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.81%).

The most prevalent building size and type in Sand Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.10% owning and 39.90% renting.

The housing in Sand Lake was primarily built before 1939 ( 42.79%), making the housing stock in Sand Lake some of the oldest overall in America, although there is a range of ages of homes in Sand Lake. The next most important housing age is between 1970-1999 ( 36.54%), followed by between 1940-1969 ( 12.98%). There's also some housing in Sand Lake built between 2000 and later ( 7.69%).

Sand Lake Home Appreciation Rates

Appreciation rates for homes in Sand Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.97%, which ranks in the top 30% nationwide. This equates to an annual average Sand Lake house appreciation rate of 1.14%.

Appreciation rates are so strong in Sand Lake that despite a nationwide downturn in the housing market, Sand Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sand Lake appreciation rates continue to be some of the highest in America, at 10.88%, which is higher than appreciation rates in 95.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sand Lake. Sand Lake appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

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

Relative to Michigan, our data show that Sand Lake's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$164,378

Sand Lake, MI HOME PRICES

Value Range
> $1,292,000 0.0
$969,001 - $1,292,000 0.0
$646,001 - $969,000 1.8
$516,001 - $646,000 0.0
$387,001 - $516,000 3.6
$258,001 - $387,000 7.6
$129,001 - $258,000 51.0
$65,001 - $129,000 27.3
$0 - $65,000 8.7

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
43.9118715574827 28.8461538461538

Number Of Homes And Apartments:
203

Sand Lake 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
30.33% 1.55% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
/ per month

Homeownership Rate

Homeownership
Owners 60.10
Renters 39.90
Vacant 2.40

Housing Market Details

 

Age of Homes

AGE OF Sand Lake HOMES
2000 or Newer 7.7
1970 - 1999 36.5
1940 - 1969 13.0
1939 or Older 42.8

Types of Homes

TYPE OF Sand Lake HOMES
Single-Family 61.5
Townhomes 0.0
Small Apt. Buildings 4.8
Apt. Complexes 23.1
Mobile Homes 10.6
Other 0.0

Home Size

SIZE OF Sand Lake HOMES
No Bedroom 1.92
1 Bedroom 18.75
2 Bedrooms 21.63
3 Bedrooms 40.38
4 Bedrooms 16.35
5 or more bedrooms 0.96