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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Smiths Creek, MI Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Smiths Creek, MI Housing Market Trends

With a population of 9,632, 3,757 total housing units (homes and apartments), and a median house value of $184,827, house prices in Smiths Creek are solidly below the national average.

Single-family detached homes are the single most common housing type in Smiths Creek, accounting for 83.12% of the town's housing units. Other types of housing that are prevalent in Smiths Creek include mobile homes or trailers ( 12.95%), duplexes, homes converted to apartments or other small apartment buildings ( 2.22%), and a few row houses and other attached homes ( 1.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Smiths Creek. Owner-occupied housing accounts for 88.42% of Smiths Creek's homes, and 79.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Smiths Creek 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 Smiths Creek built between 1940-1969 ( 32.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.28%). There's also some housing in Smiths Creek built before 1939 ( 6.32%).

Smiths Creek Home Appreciation Rates

Appreciation rates for homes in Smiths Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.39%, which ranks in the top 40% nationwide. This equates to an annual average Smiths Creek house appreciation rate of 6.82%.

Over the last year, Smiths Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Smiths Creek's appreciation rate has been 4.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Smiths Creek were at -0.26%, which equates to an annual appreciation rate of -1.02%.

Relative to Michigan, our data show that Smiths Creek's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$184,827

Smiths Creek, MI Home Prices
> $1,214,000
$911,001 - $1,214,000
$607,001 - $911,000
$486,001 - $607,000
$364,001 - $486,000
$243,001 - $364,000
$121,001 - $243,000
$61,001 - $121,000
$0 - $61,000
1.7%
1.7%
0.2%
0.2%
0.3%
0.3%
0.6%
0.6%
11.4%
11.4%
21.0%
21.0%
37.6%
37.6%
18.0%
18.0%
9.3%
9.3%
0% 100.0%
% of Homes
Low

for Michigan

Low

for nation

Number of Homes And Apartments:

3,757

Smiths Creek Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,722 / per month

Homeownership Rate

Owners
Renters
88.4%
88.4%
11.6%
11.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.9%
1.9%
98.1%
98.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.3%
23.3%
37.7%
37.7%
32.7%
32.7%
6.3%
6.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
83.1%
83.1%
1.4%
1.4%
2.2%
2.2%
0.3%
0.3%
12.9%
12.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
1.5%
1.5%
16.4%
16.4%
64.9%
64.9%
14.4%
14.4%
2.0%
2.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Smiths Creek

Zip Codes in Smiths Creek, MI