Stockbridge, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Stockbridge Neighborhoods Since 2000




Stockbridge, 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

Stockbridge Housing Market Information

With 1,232 people, 476 houses or apartments, and a median cost of homes of $152,432, 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 70.29% of the village's housing units. Other types of housing that are prevalent in Stockbridge include large apartment complexes or high rise apartments ( 16.57%), duplexes, homes converted to apartments or other small apartment buildings ( 8.95%), and a few row houses and other attached homes ( 4.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stockbridge. Owner-occupied housing accounts for 67.86% of Stockbridge's homes, and 53.14% have either three or four bedrooms, which is average sized relative to America.

The housing in Stockbridge was primarily built before 1939 ( 38.48%), 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 1970-1999 ( 31.05%), followed by between 1940-1969 ( 27.62%). There's also some housing in Stockbridge built between 2000 and later ( 2.86%).

Stockbridge Home Appreciation Rates

Stockbridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stockbridge during the period has been just -1.92%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Stockbridge's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Stockbridge's appreciation rate has been 1.36%, which annualizes to a rate of 5.54%.

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

Average Home Values

 

Median Home Value:
$152,432

Stockbridge, MI HOME PRICES

Value Range
> $1,175,000 0.0
$881,001 - $1,175,000 1.1
$587,001 - $881,000 0.0
$470,001 - $587,000 0.7
$352,001 - $470,000 2.5
$235,001 - $352,000 16.1
$118,001 - $235,000 47.6
$59,001 - $118,000 25.7
$0 - $59,000 6.3

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
48.9862885268956 36.0576923076923

Number Of Homes And Apartments:
476

Stockbridge 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
-4.89% -0.29% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$910 / per month

Homeownership Rate

Homeownership
Owners 67.86
Renters 32.14
Vacant 9.33

Housing Market Details

 

Age of Homes

AGE OF Stockbridge HOMES
2000 or Newer 2.9
1970 - 1999 31.0
1940 - 1969 27.6
1939 or Older 38.5

Types of Homes

TYPE OF Stockbridge HOMES
Single-Family 70.3
Townhomes 4.2
Small Apt. Buildings 9.0
Apt. Complexes 16.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Stockbridge HOMES
No Bedroom 0.00
1 Bedroom 11.62
2 Bedrooms 32.00
3 Bedrooms 39.81
4 Bedrooms 13.33
5 or more bedrooms 3.24