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




Highest
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Highest Appreciating St. Clair Shores Neighborhoods Since 2000




St. Clair Shores, 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

St. Clair Shores Housing Market Information

With 59,903 people, 26,808 houses or apartments, and a median cost of homes of $128,985, 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 81.39% 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 ( 10.79%), row houses and other attached homes ( 4.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.95%).

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 77.10% of St. Clair Shores's homes, and 68.59% 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 75.98% of the city's housing hails from this era. Other housing ages represented in St. Clair Shores include homes built between 1970-1999 ( 17.43%) and housing constructed before 1939 ( 4.79%). There's also some housing in St. Clair Shores built between 2000 and later ( 1.80%).

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 -1.35%, which is lower than 80% of US communities.

Appreciation rates are so strong in St. Clair Shores that despite a nationwide downturn in the housing market, St. Clair Shores real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Clair Shores appreciation rates continue to be some of the highest in America, at 8.75%, which is higher than appreciation rates in 89.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Clair Shores. St. Clair Shores appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

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

Relative to Michigan, our data show that St. Clair Shores's latest annual appreciation rate is higher than 80% 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:
$128,985

St. Clair Shores, MI HOME PRICES

Value Range
> $1,333,000 0.2
$1,000,001 - $1,333,000 0.1
$667,001 - $1,000,000 0.3
$533,001 - $667,000 0.4
$400,001 - $533,000 1.3
$266,001 - $400,000 4.6
$133,001 - $266,000 38.0
$67,001 - $133,000 43.5
$0 - $67,000 11.6

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
60.4652525489277 50.8012820512821

Number Of Homes And Apartments:
26,808

St. Clair Shores 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
-7.23% -0.43% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,238 / per month

Homeownership Rate

Homeownership
Owners 77.10
Renters 22.90
Vacant 5.96

Housing Market Details

 

Age of Homes

AGE OF St. Clair Shores HOMES
2000 or Newer 1.8
1970 - 1999 17.4
1940 - 1969 76.0
1939 or Older 4.8

Types of Homes

TYPE OF St. Clair Shores HOMES
Single-Family 81.4
Townhomes 4.6
Small Apt. Buildings 3.0
Apt. Complexes 10.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF St. Clair Shores HOMES
No Bedroom 1.21
1 Bedroom 6.92
2 Bedrooms 21.81
3 Bedrooms 60.68
4 Bedrooms 7.91
5 or more bedrooms 1.47