Village of Clarkston, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Village of Clarkston Neighborhoods Since 2000




Village of Clarkston, MI Real Estate Data


Village of Clarkston Housing Market Information

With 894 people, 378 houses or apartments, and a median cost of homes of $330,033, Village of Clarkston house prices are not only among the most expensive in Michigan, Village of Clarkston real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Village of Clarkston, accounting for 75.52% of the city's housing units. Other types of housing that are prevalent in Village of Clarkston include large apartment complexes or high rise apartments ( 13.92%), duplexes, homes converted to apartments or other small apartment buildings ( 5.41%), and a few row houses and other attached homes ( 5.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Village of Clarkston. Owner-occupied housing accounts for 65.34% of Village of Clarkston's homes, and 62.11% have either three or four bedrooms, which is average sized relative to America.

The housing in Village of Clarkston was primarily built before 1939 ( 48.97%), making the housing stock in Village of Clarkston some of the oldest overall in America, although there is a range of ages of homes in Village of Clarkston. The next most important housing age is between 1970-1999 ( 25.52%), followed by between 1940-1969 ( 25.00%).

Village of Clarkston Home Appreciation Rates

Real estate appreciation rates in Village of Clarkston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Village of Clarkston's appreciation rate, at 5.59%, has been at or slightly above the national average. In the latest quarter, Village of Clarkston's appreciation rate has been 1.97%, which annualizes to a rate of 8.12%.

Relative to Michigan, our data show that Village of Clarkston's latest annual appreciation rate is higher than 70% 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 Village of Clarkston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Village of Clarkston - 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 Village of Clarkston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$330,033

Village of Clarkston, MI HOME PRICES

Value Range
> $1,357,000 0.5
$1,018,001 - $1,357,000 0.4
$678,001 - $1,018,000 7.1
$542,001 - $678,000 7.3
$407,001 - $542,000 15.3
$271,001 - $407,000 26.9
$136,001 - $271,000 32.9
$68,001 - $136,000 6.1
$0 - $68,000 3.4

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
14.1593956783978 3.68589743589744

Number Of Homes And Apartments:
378

Rent & Ownership

 

Average Market Rent:
$1,140 / per month

Homeownership Rate

Homeownership
Owners 65.34
Renters 34.66
Vacant 2.58

Housing Market Details

 

Age of Homes

AGE OF Village of Clarkston HOMES
2000 or Newer 0.5
1970 - 1999 25.5
1940 - 1969 25.0
1939 or Older 49.0

Types of Homes

TYPE OF Village of Clarkston HOMES
Single-Family 75.5
Townhomes 5.2
Small Apt. Buildings 5.4
Apt. Complexes 13.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Village of Clarkston HOMES
No Bedroom 0.00
1 Bedroom 12.37
2 Bedrooms 22.94
3 Bedrooms 34.02
4 Bedrooms 28.09
5 or more bedrooms 2.58

Village of Clarkston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
7.36% 0.42% 5 1
* 10 is highest