St. Clair Shores, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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St. Clair Shores, MI Real Estate Data


St. Clair Shores Housing Market Information

With a population of 59,903, 26,663 total housing units (homes and apartments), and a median house value of $131,869, house prices in St. Clair Shores are solidly below the national average.

Single-family detached homes are the single most common housing type in St. Clair Shores, accounting for 81.70% of the city's housing units. Other types of housing that are prevalent in St. Clair Shores include large apartment complexes or high rise apartments ( 10.95%), row houses and other attached homes ( 4.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.61%).

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. Clair Shores. Owner-occupied housing accounts for 77.95% of St. Clair Shores's homes, and 68.70% 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. Clair Shores's housing was primarily built during this period, from the '40s through the '60s. A full 76.80% of the city's housing hails from this era. Other housing ages represented in St. Clair Shores include homes built between 1970-1999 ( 16.71%) and housing constructed before 1939 ( 4.70%). There's also some housing in St. Clair Shores built between 2000 and later ( 1.79%).

St. Clair Shores Home Appreciation Rates

St. Clair Shores's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Clair Shores during the period has been just -2.05%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, St. Clair Shores's appreciation rate, at 5.66%, has been at or slightly above the national average. In the latest quarter, St. Clair Shores's appreciation rate has been 1.97%, which annualizes to a rate of 8.12%.

Relative to Michigan, our data show that St. Clair Shores's latest annual appreciation rate is higher than 70% 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 St. Clair Shores differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Clair Shores - 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 St. Clair Shores real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$131,869

St. Clair Shores, MI HOME PRICES

Value Range
> $1,349,000 0.2
$1,012,001 - $1,349,000 0.1
$675,001 - $1,012,000 0.3
$540,001 - $675,000 0.4
$405,001 - $540,000 1.2
$270,001 - $405,000 5.4
$135,001 - $270,000 34.4
$68,001 - $135,000 46.2
$0 - $68,000 11.8

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
59.799730631844 48.8782051282051

Number Of Homes And Apartments:
26,663

Rent & Ownership

 

Average Market Rent:
$1,076 / per month

Homeownership Rate

Homeownership
Owners 77.95
Renters 22.05
Vacant 6.04

Housing Market Details

 

Age of Homes

AGE OF St. Clair Shores HOMES
2000 or Newer 1.8
1970 - 1999 16.7
1940 - 1969 76.8
1939 or Older 4.7

Types of Homes

TYPE OF St. Clair Shores HOMES
Single-Family 81.7
Townhomes 4.5
Small Apt. Buildings 2.6
Apt. Complexes 10.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF St. Clair Shores HOMES
No Bedroom 0.85
1 Bedroom 7.23
2 Bedrooms 21.69
3 Bedrooms 60.74
4 Bedrooms 7.96
5 or more bedrooms 1.53

St. Clair Shores 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
-12.04% -0.75% 1 1
* 10 is highest