Taylor, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Taylor Neighborhoods Since 2000




Taylor, 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

Taylor Housing Market Information

With 61,568 people, 23,742 houses or apartments, and a median cost of homes of $96,997, house prices in Taylor are solidly below the national average.

Single-family detached homes are the single most common housing type in Taylor, accounting for 72.08% of the city's housing units. Other types of housing that are prevalent in Taylor include large apartment complexes or high rise apartments ( 16.34%), row houses and other attached homes ( 6.31%), and a few mobile homes or trailers ( 2.98%).

The most prevalent building size and type in Taylor are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.73% owning and 35.27% renting.

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. Taylor's housing was primarily built during this period, from the '40s through the '60s. A full 60.46% of the city's housing hails from this era. Other housing ages represented in Taylor include homes built between 1970-1999 ( 29.11%) and housing constructed between 2000 and later ( 6.18%). There's also some housing in Taylor built before 1939 ( 4.26%).

Taylor Home Appreciation Rates

Homes have actually lost value in Taylor over the last then years, as home values have seen a decline of 24.74% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Taylor home appreciation rates at 1.86%, which equates to an annual appreciation rate of 7.66%.

Appreciation rates are so strong in Taylor that despite a nationwide downturn in the housing market, Taylor real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Taylor appreciation rates continue to be some of the highest in America, at 9.28%, which is higher than appreciation rates in 91.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Taylor. Taylor appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Taylor 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 Taylor'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 Taylor differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Taylor - 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 Taylor real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$96,997

Taylor, MI HOME PRICES

Value Range
> $1,332,000 0.1
$999,001 - $1,332,000 0.0
$666,001 - $999,000 0.3
$533,001 - $666,000 0.3
$399,001 - $533,000 0.4
$266,001 - $399,000 1.9
$133,001 - $266,000 21.6
$67,001 - $133,000 48.4
$0 - $67,000 27.0

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
79.5148247978437 77.8846153846154

Number Of Homes And Apartments:
23,742

Taylor 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
-18.35% -1.17% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,179 / per month

Homeownership Rate

Homeownership
Owners 64.73
Renters 35.27
Vacant 8.41

Housing Market Details

 

Age of Homes

AGE OF Taylor HOMES
2000 or Newer 6.2
1970 - 1999 29.1
1940 - 1969 60.5
1939 or Older 4.3

Types of Homes

TYPE OF Taylor HOMES
Single-Family 72.1
Townhomes 6.3
Small Apt. Buildings 2.1
Apt. Complexes 16.3
Mobile Homes 3.0
Other 0.2

Home Size

SIZE OF Taylor HOMES
No Bedroom 0.37
1 Bedroom 5.56
2 Bedrooms 30.09
3 Bedrooms 53.90
4 Bedrooms 8.49
5 or more bedrooms 1.60