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




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St. Clair, 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 Housing Market Information

With 5,385 people, 2,309 houses or apartments, and a median cost of homes of $165,449, St. Clair real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in St. Clair, accounting for 72.01% of the city's housing units. Other types of housing that are prevalent in St. Clair include large apartment complexes or high rise apartments ( 13.65%), duplexes, homes converted to apartments or other small apartment buildings ( 7.48%), and a few row houses and other attached homes ( 6.85%).

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. Owner-occupied housing accounts for 71.92% of St. Clair's homes, and 61.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in St. Clair 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 St. Clair built between 1940-1969 ( 29.18%). A lesser amount of the housing stock also hails from before 1939 ( 27.87%). There's also some housing in St. Clair built between 2000 and later ( 8.28%).

St. Clair Home Appreciation Rates

St. Clair's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Clair during the period has been just -1.50%, which is lower than 80% of US communities.

Appreciation rates are so strong in St. Clair that despite a nationwide downturn in the housing market, St. Clair real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Clair appreciation rates continue to be some of the highest in America, at 7.06%, which is higher than appreciation rates in 81.72% 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. St. Clair 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 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's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$165,449

St. Clair, MI HOME PRICES

Value Range
> $1,218,000 0.0
$913,001 - $1,218,000 0.0
$609,001 - $913,000 1.8
$487,001 - $609,000 2.2
$365,001 - $487,000 2.3
$244,001 - $365,000 14.7
$122,001 - $244,000 48.9
$61,001 - $122,000 21.5
$0 - $61,000 8.6

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
43.4548224540021 27.8846153846154

Number Of Homes And Apartments:
2,309

St. Clair 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
-6.37% -0.38% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$927 / per month

Homeownership Rate

Homeownership
Owners 71.92
Renters 28.08
Vacant 8.08

Housing Market Details

 

Age of Homes

AGE OF St. Clair HOMES
2000 or Newer 8.3
1970 - 1999 34.7
1940 - 1969 29.2
1939 or Older 27.9

Types of Homes

TYPE OF St. Clair HOMES
Single-Family 72.0
Townhomes 6.8
Small Apt. Buildings 7.5
Apt. Complexes 13.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF St. Clair HOMES
No Bedroom 0.00
1 Bedroom 9.55
2 Bedrooms 24.76
3 Bedrooms 43.23
4 Bedrooms 17.91
5 or more bedrooms 4.54