Vicksburg, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vicksburg, 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

Vicksburg Housing Market Information

With a population of 3,230, 1,161 total housing units (homes and apartments), and a median house value of $161,143, Vicksburg 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 Vicksburg, accounting for 83.59% of the village's housing units. Other types of housing that are prevalent in Vicksburg include large apartment complexes or high rise apartments ( 9.05%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vicksburg. Owner-occupied housing accounts for 75.11% of Vicksburg's homes, and 66.37% have either three or four bedrooms, which is average sized relative to America.

The housing in Vicksburg was primarily built before 1939 ( 31.63%), making the housing stock in Vicksburg some of the oldest overall in America, although there is a range of ages of homes in Vicksburg. The next most important housing age is between 2000 and later ( 24.34%), followed by between 1940-1969 ( 22.18%). There's also some housing in Vicksburg built between 1970-1999 ( 21.86%).

Vicksburg Home Appreciation Rates

Real estate appreciation rates in Vicksburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.19% during the period.

Appreciation rates are so strong in Vicksburg that despite a nationwide downturn in the housing market, Vicksburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vicksburg appreciation rates continue to be some of the highest in America, at 7.38%, which is higher than appreciation rates in 83.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vicksburg. Vicksburg appreciation rates in the latest quarter were at 0.23%, which equates to an annual appreciation rate of 0.92%.

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

Average Home Values

 

Median Home Value:
$161,143

Vicksburg, MI HOME PRICES

Value Range
> $1,163,000 0.0
$872,001 - $1,163,000 0.9
$582,001 - $872,000 3.6
$465,001 - $582,000 2.6
$349,001 - $465,000 5.2
$233,001 - $349,000 13.1
$116,001 - $233,000 51.8
$58,001 - $116,000 14.1
$0 - $58,000 8.6

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
45.165826790109 31.25

Number Of Homes And Apartments:
1,161

Vicksburg 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
15.89% 0.86% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$903 / per month

Homeownership Rate

Homeownership
Owners 75.11
Renters 24.89
Vacant 7.05

Housing Market Details

 

Age of Homes

AGE OF Vicksburg HOMES
2000 or Newer 24.3
1970 - 1999 21.9
1940 - 1969 22.2
1939 or Older 31.6

Types of Homes

TYPE OF Vicksburg HOMES
Single-Family 83.6
Townhomes 0.0
Small Apt. Buildings 7.4
Apt. Complexes 9.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Vicksburg HOMES
No Bedroom 0.32
1 Bedroom 9.61
2 Bedrooms 19.46
3 Bedrooms 45.08
4 Bedrooms 21.30
5 or more bedrooms 4.24

Popular Neighborhoods in Vicksburg

Zip Codes in Vicksburg, MI