Stevensville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Stevensville Neighborhoods Since 2000




Stevensville, 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

Stevensville Housing Market Information

With a population of 1,119, 592 total housing units (homes and apartments), and a median house value of $266,454, Stevensville real estate is some of the most expensive in Michigan, although Stevensville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Stevensville, accounting for 61.85% of the village's housing units. Other types of housing that are prevalent in Stevensville include duplexes, homes converted to apartments or other small apartment buildings ( 15.54%), mobile homes or trailers ( 13.81%), and a few large apartment complexes or high rise apartments ( 5.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stevensville. Owner-occupied housing accounts for 73.99% of Stevensville's homes, and 51.65% 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. Stevensville's housing was primarily built during this period, from the '40s through the '60s. A full 40.19% of the village's housing hails from this era. Other housing ages represented in Stevensville include homes built between 1970-1999 ( 34.38%) and housing constructed before 1939 ( 13.34%). There's also some housing in Stevensville built between 2000 and later ( 12.09%).

Stevensville Home Appreciation Rates

Real estate appreciation rates in Stevensville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.15% during the period.

NeighborhoodScout's data show that during the latest twelve months, Stevensville's appreciation rate, at 4.84%, has been at or slightly above the national average. In the latest quarter, Stevensville's appreciation rate has been 0.27%, which annualizes to a rate of 1.07%.

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

Average Home Values

 

Median Home Value:
$266,454

Stevensville, MI HOME PRICES

Value Range
> $1,124,000 6.2
$843,001 - $1,124,000 5.2
$562,001 - $843,000 7.5
$450,001 - $562,000 4.8
$337,001 - $450,000 6.2
$225,001 - $337,000 14.7
$112,001 - $225,000 41.1
$56,001 - $112,000 8.7
$0 - $56,000 5.5

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
20.2097738192898 7.21153846153846

Number Of Homes And Apartments:
592

Stevensville 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
18.45% 0.99% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,039 / per month

Homeownership Rate

Homeownership
Owners 73.99
Renters 26.01
Vacant 7.06

Housing Market Details

 

Age of Homes

AGE OF Stevensville HOMES
2000 or Newer 12.1
1970 - 1999 34.4
1940 - 1969 40.2
1939 or Older 13.3

Types of Homes

TYPE OF Stevensville HOMES
Single-Family 61.9
Townhomes 3.0
Small Apt. Buildings 15.5
Apt. Complexes 5.8
Mobile Homes 13.8
Other 0.0

Home Size

SIZE OF Stevensville HOMES
No Bedroom 0.47
1 Bedroom 5.34
2 Bedrooms 37.99
3 Bedrooms 37.52
4 Bedrooms 14.13
5 or more bedrooms 4.55