Temperance, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Temperance Neighborhoods Since 2000




Temperance, 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

Temperance Housing Market Information

With a population of 8,478, 3,710 total housing units (homes and apartments), and a median house value of $162,716, Temperance 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 Temperance, accounting for 79.48% of the town's housing units. Other types of housing that are prevalent in Temperance include large apartment complexes or high rise apartments ( 14.15%), row houses and other attached homes ( 4.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Temperance. Owner-occupied housing accounts for 82.54% of Temperance's homes, and 74.47% 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. Temperance's housing was primarily built during this period, from the '40s through the '60s. A full 42.28% of the town's housing hails from this era. Other housing ages represented in Temperance include homes built between 1970-1999 ( 36.30%) and housing constructed between 2000 and later ( 16.65%). There's also some housing in Temperance built before 1939 ( 4.78%).

Temperance Home Appreciation Rates

Temperance's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Temperance during the period has been just -1.01%, which is lower than 70% of US communities.

Over the last year, Temperance appreciation rates have trailed the rest of the nation. In the last twelve months, Temperance's appreciation rate has been 2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Temperance were at 0.67%, which equates to an annual appreciation rate of 2.71%.

Relative to Michigan, our data show that Temperance's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$162,716

Temperance, MI HOME PRICES

Value Range
> $1,118,000 0.0
$839,001 - $1,118,000 0.0
$559,001 - $839,000 0.3
$447,001 - $559,000 0.4
$336,001 - $447,000 2.5
$224,001 - $336,000 14.5
$112,001 - $224,000 65.8
$56,001 - $112,000 9.2
$0 - $56,000 7.3

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
44.5681471932497 30.2884615384615

Number Of Homes And Apartments:
3,710

Temperance 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
2.60% 0.15% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$999 / per month

Homeownership Rate

Homeownership
Owners 82.54
Renters 17.46
Vacant 4.70

Housing Market Details

 

Age of Homes

AGE OF Temperance HOMES
2000 or Newer 16.6
1970 - 1999 36.3
1940 - 1969 42.3
1939 or Older 4.8

Types of Homes

TYPE OF Temperance HOMES
Single-Family 79.5
Townhomes 4.3
Small Apt. Buildings 2.1
Apt. Complexes 14.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Temperance HOMES
No Bedroom 1.54
1 Bedroom 5.93
2 Bedrooms 15.69
3 Bedrooms 52.79
4 Bedrooms 21.68
5 or more bedrooms 2.36

Popular Neighborhoods in Temperance

Zip Codes in Temperance, MI