St. Charles, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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St. Charles, MI Real Estate Data


St. Charles Housing Market Information

With a population of 1,958, 822 total housing units (homes and apartments), and a median house value of $110,990, house prices in St. Charles are solidly below the national average.

Single-family detached homes are the single most common housing type in St. Charles, accounting for 78.67% of the village's housing units. Other types of housing that are prevalent in St. Charles include large apartment complexes or high rise apartments ( 9.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.43%), and a few mobile homes or trailers ( 2.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in St. Charles. Owner-occupied housing accounts for 73.96% of St. Charles's homes, and 56.09% 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. St. Charles's housing was primarily built during this period, from the '40s through the '60s. A full 43.68% of the village's housing hails from this era. Other housing ages represented in St. Charles include homes built between 1970-1999 ( 28.44%) and housing constructed before 1939 ( 22.12%). There's also some housing in St. Charles built between 2000 and later ( 5.76%).

St. Charles Home Appreciation Rates

St. Charles's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Charles during the period has been just -1.63%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, St. Charles's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, St. Charles's appreciation rate has been 2.22%, which annualizes to a rate of 9.16%.

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

Average Home Values

 

Median Home Value:
$110,990

St. Charles, MI HOME PRICES

Value Range
> $1,110,000 0.5
$832,001 - $1,110,000 0.0
$555,001 - $832,000 0.0
$444,001 - $555,000 0.0
$333,001 - $444,000 1.0
$222,001 - $333,000 8.0
$111,001 - $222,000 36.9
$56,001 - $111,000 36.5
$0 - $56,000 17.0

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
71.722199449552 66.6666666666667

Number Of Homes And Apartments:
822

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 73.96
Renters 26.04
Vacant 7.22

Housing Market Details

 

Age of Homes

AGE OF St. Charles HOMES
2000 or Newer 5.8
1970 - 1999 28.4
1940 - 1969 43.7
1939 or Older 22.1

Types of Homes

TYPE OF St. Charles HOMES
Single-Family 78.7
Townhomes 2.4
Small Apt. Buildings 6.4
Apt. Complexes 9.8
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF St. Charles HOMES
No Bedroom 3.27
1 Bedroom 4.29
2 Bedrooms 35.89
3 Bedrooms 48.31
4 Bedrooms 7.79
5 or more bedrooms 0.45

St. Charles 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
-2.81% -0.17% 3 1
* 10 is highest

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