Sawyer, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sawyer Neighborhoods Since 2000




Sawyer, 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

Sawyer Housing Market Information

With a population of 5,008, 1,182 total housing units (homes and apartments), and a median house value of $237,555, Sawyer real estate is some of the most expensive in Michigan, although Sawyer home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sawyer, accounting for 87.02% of the town's housing units. Other types of housing that are prevalent in Sawyer include mobile homes or trailers ( 6.33%), duplexes, homes converted to apartments or other small apartment buildings ( 4.71%), and a few large apartment complexes or high rise apartments ( 1.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sawyer. Owner-occupied housing accounts for 88.03% of Sawyer's homes, and 58.50% 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. Sawyer's housing was primarily built during this period, from the '40s through the '60s. A full 39.10% of the town's housing hails from this era. Other housing ages represented in Sawyer include homes built between 1970-1999 ( 26.94%) and housing constructed before 1939 ( 21.88%). There's also some housing in Sawyer built between 2000 and later ( 12.08%).

A decent proportion of the Sawyer housing stock is seasonally occupied. That is, homes and condos in Sawyer are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Sawyer housing market speaks to its popularity as a vacation location of choice.

Sawyer Home Appreciation Rates

Sawyer's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sawyer during the period has been just -1.18%, which is lower than 70% of US communities.

Appreciation rates are so strong in Sawyer that despite a nationwide downturn in the housing market, Sawyer real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sawyer appreciation rates continue to be some of the highest in America, at 5.93%, which is higher than appreciation rates in 73.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sawyer. Sawyer appreciation rates in the latest quarter were at 0.27%, which equates to an annual appreciation rate of 1.07%.

Relative to Michigan, our data show that Sawyer's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$237,555

Sawyer, MI HOME PRICES

Value Range
> $1,092,000 2.7
$819,001 - $1,092,000 2.4
$546,001 - $819,000 4.7
$437,001 - $546,000 5.9
$327,001 - $437,000 7.0
$218,001 - $327,000 16.1
$109,001 - $218,000 31.0
$55,001 - $109,000 18.4
$0 - $55,000 11.8

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
24.5458806984648 9.13461538461538

Number Of Homes And Apartments:
1,182

Sawyer 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
22.32% 1.18% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$862 / per month

Homeownership Rate

Homeownership
Owners 88.03
Renters 11.97
Vacant 48.55

Housing Market Details

 

Age of Homes

AGE OF Sawyer HOMES
2000 or Newer 12.1
1970 - 1999 26.9
1940 - 1969 39.1
1939 or Older 21.9

Types of Homes

TYPE OF Sawyer HOMES
Single-Family 87.0
Townhomes 0.2
Small Apt. Buildings 4.7
Apt. Complexes 1.8
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Sawyer HOMES
No Bedroom 0.40
1 Bedroom 6.64
2 Bedrooms 28.76
3 Bedrooms 46.37
4 Bedrooms 12.14
5 or more bedrooms 5.70