Village of Clarkston MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




Village of Clarkston, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Village of Clarkston Housing Market Information

With 924 people, 1,963 houses or apartments, and a median cost of homes of $454,786, 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 79.27% 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 ( 8.25%), mobile homes or trailers ( 7.68%), and a few row houses and other attached homes ( 3.31%).

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 85.20% of Village of Clarkston's homes, and 77.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Village of Clarkston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Village of Clarkston built between 1940-1969 ( 21.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.37%). There's also some housing in Village of Clarkston built before 1939 ( 4.13%).

Village of Clarkston Home Appreciation Rates

In the last 10 years, Village of Clarkston has experienced some of the highest home appreciation rates of any community in the nation. Village of Clarkston real estate appreciated 84.52% over the last ten years, which is an average annual home appreciation rate of 6.32%, putting Village of Clarkston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Village of Clarkston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Village of Clarkston's appreciation rate, at 4.00%, has been at or slightly above the national average. In the latest quarter, Village of Clarkston's appreciation rate has been 0.44%, which annualizes to a rate of 1.77%.

Relative to Michigan, our data show that Village of Clarkston's latest annual appreciation rate is higher than 50% 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:
$454,786

Village of Clarkston, MI HOME PRICES

Value Range
> $1,263,000 2.6
$947,001 - $1,263,000 2.8
$631,001 - $947,000 9.9
$505,001 - $631,000 16.4
$379,001 - $505,000 16.3
$252,001 - $379,000 30.0
$126,001 - $252,000 18.9
$63,001 - $126,000 1.8
$0 - $63,000 1.3

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
9.48905109489051 2.24358974358974

Number Of Homes And Apartments:
1,963

Village of Clarkston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
32.41% 1.38%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,295 / per month

Homeownership Rate

Homeownership
Owners 85.20
Renters 14.80
Vacant 4.62

Housing Market Details

 

Age of Homes

AGE OF Village of Clarkston HOMES
2000 or Newer 14.4
1970 - 1999 60.0
1940 - 1969 21.5
1939 or Older 4.1

Types of Homes

TYPE OF Village of Clarkston HOMES
Single-Family 79.3
Townhomes 3.3
Small Apt. Buildings 1.5
Apt. Complexes 8.3
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Village of Clarkston HOMES
No Bedroom 0.00
1 Bedroom 3.45
2 Bedrooms 13.79
3 Bedrooms 50.42
4 Bedrooms 27.22
5 or more bedrooms 5.13