Tecumseh, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tecumseh Neighborhoods Since 2000




Tecumseh, 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

Tecumseh Housing Market Information

With 8,372 people, 3,731 houses or apartments, and a median cost of homes of $144,719, Tecumseh 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 Tecumseh, accounting for 67.69% of the city's housing units. Other types of housing that are prevalent in Tecumseh include large apartment complexes or high rise apartments ( 14.47%), duplexes, homes converted to apartments or other small apartment buildings ( 8.74%), and a few row houses and other attached homes ( 4.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tecumseh. Owner-occupied housing accounts for 66.05% of Tecumseh's homes, and 54.86% 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. Tecumseh's housing was primarily built during this period, from the '40s through the '60s. A full 39.01% of the city's housing hails from this era. Other housing ages represented in Tecumseh include homes built between 1970-1999 ( 38.11%) and housing constructed before 1939 ( 12.91%). There's also some housing in Tecumseh built between 2000 and later ( 9.97%).

Tecumseh Home Appreciation Rates

Homes have actually lost value in Tecumseh over the last then years, as home values have seen a decline of 19.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Tecumseh home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Appreciation rates are so strong in Tecumseh that despite a nationwide downturn in the housing market, Tecumseh real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tecumseh appreciation rates continue to be some of the highest in America, at 6.15%, which is higher than appreciation rates in 75.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tecumseh. Tecumseh appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$144,719

Tecumseh, MI HOME PRICES

Value Range
> $1,200,000 0.0
$900,001 - $1,200,000 0.0
$600,001 - $900,000 0.3
$480,001 - $600,000 1.0
$360,001 - $480,000 2.1
$240,001 - $360,000 8.9
$120,001 - $240,000 43.0
$60,001 - $120,000 35.1
$0 - $60,000 9.6

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
52.3262627446385 39.9038461538462

Number Of Homes And Apartments:
3,731

Tecumseh 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
-11.21% -0.69% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$858 / per month

Homeownership Rate

Homeownership
Owners 66.05
Renters 33.95
Vacant 4.63

Housing Market Details

 

Age of Homes

AGE OF Tecumseh HOMES
2000 or Newer 10.0
1970 - 1999 38.1
1940 - 1969 39.0
1939 or Older 12.9

Types of Homes

TYPE OF Tecumseh HOMES
Single-Family 67.7
Townhomes 4.4
Small Apt. Buildings 8.7
Apt. Complexes 14.5
Mobile Homes 3.3
Other 1.4

Home Size

SIZE OF Tecumseh HOMES
No Bedroom 1.46
1 Bedroom 9.71
2 Bedrooms 29.88
3 Bedrooms 43.00
4 Bedrooms 11.86
5 or more bedrooms 4.09

Popular Neighborhoods in Tecumseh

Zip Codes in Tecumseh, MI