Stockbridge, MI Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Stockbridge, MI Housing Market Trends

With 1,250 people, 586 houses or apartments, and a median cost of homes of $203,175, Stockbridge 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 Stockbridge, accounting for 61.39% of the village's housing units. Other types of housing that are prevalent in Stockbridge include large apartment complexes or high rise apartments ( 20.09%), duplexes, homes converted to apartments or other small apartment buildings ( 16.77%), and a few row houses and other attached homes ( 1.74%).

People in Stockbridge primarily live in small (one, two or no bedroom) single-family detached homes. Stockbridge has a mixture of owner-occupied and renter-occupied housing.

The housing in Stockbridge was primarily built before 1939 ( 45.41%), making the housing stock in Stockbridge some of the oldest overall in America, although there is a range of ages of homes in Stockbridge. The next most important housing age is between 1940-1969 ( 26.74%), followed by between 1970-1999 ( 26.42%). There's also some housing in Stockbridge built between 2000 and later ( 1.42%).

Stockbridge Home Appreciation Rates

In the last 10 years, Stockbridge has experienced some of the highest home appreciation rates of any community in the nation. Stockbridge real estate appreciated 56.09% over the last ten years, which is an average annual home appreciation rate of 4.55%, putting Stockbridge in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Stockbridge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Stockbridge's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Stockbridge's appreciation rate has been 2.57%, which annualizes to a rate of 10.70%.

Relative to Michigan, our data show that Stockbridge's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

Average Home Values

 
info

Median Home Value:
$203,175

Stockbridge, MI HOME PRICES

> $1,229,000
0.0%
0.0%
$922,001 - $1,229,000
0.0%
0.0%
$615,001 - $922,000
0.0%
0.0%
$492,001 - $615,000
3.5%
3.5%
$369,001 - $492,000
2.6%
2.6%
$246,001 - $369,000
27.8%
27.8%
$123,001 - $246,000
49.5%
49.5%
$61,001 - $123,000
16.1%
16.1%
$0 - $61,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for MI

Value Relative To Nation

Number Of Homes And Apartments:
586

Stockbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
29.25% 1.23%
4
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$770 / per month

Homeownership Rate

Owners
62.8%
62.8%
Renters
37.2%
37.2%
Vacant
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
1.4%
1.4%
1970 - 1999
26.4%
26.4%
1940 - 1969
26.7%
26.7%
1939 or Older
45.4%
45.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.4%
61.4%
Townhomes
1.7%
1.7%
Small Apt. Buildings
16.8%
16.8%
Apt. Complexes
20.1%
20.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
13.6%
13.6%
2 Bedrooms
35.3%
35.3%
3 Bedrooms
31.6%
31.6%
4 Bedrooms
14.6%
14.6%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES