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




Highest
Lowest

Highest Appreciating Village of Clarkston Neighborhoods Since 2000




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 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

Village of Clarkston Housing Market Information

With a population of 894, 408 total housing units (homes and apartments), and a median house value of $397,592, 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 73.92% 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 ( 14.83%), duplexes, homes converted to apartments or other small apartment buildings ( 6.22%), and a few row houses and other attached homes ( 5.02%).

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 66.67% of Village of Clarkston's homes, and 58.85% have either three or four bedrooms, which is average sized relative to America.

The housing in Village of Clarkston was primarily built before 1939 ( 44.74%), 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 ( 28.23%), followed by between 1940-1969 ( 26.32%).

Village of Clarkston Home Appreciation Rates

Appreciation rates for homes in Village of Clarkston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.85%, which ranks in the top 50% nationwide. This equates to an annual average Village of Clarkston house appreciation rate of 0.28%.

Appreciation rates are so strong in Village of Clarkston that despite a nationwide downturn in the housing market, Village of Clarkston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Village of Clarkston appreciation rates continue to be some of the highest in America, at 8.31%, which is higher than appreciation rates in 88.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Village of Clarkston. Village of Clarkston appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Village of Clarkston one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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:
$397,592

Village of Clarkston, MI HOME PRICES

Value Range
> $1,330,000 1.5
$997,001 - $1,330,000 0.7
$665,001 - $997,000 10.5
$532,001 - $665,000 6.6
$399,001 - $532,000 16.3
$266,001 - $399,000 28.0
$133,001 - $266,000 26.1
$66,001 - $133,000 6.6
$0 - $66,000 3.8

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
9.58631196531115 1.92307692307692

Number Of Homes And Apartments:
408

Village of Clarkston 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
11.10% 0.61% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,086 / per month

Homeownership Rate

Homeownership
Owners 66.67
Renters 33.33
Vacant 2.39

Housing Market Details

 

Age of Homes

AGE OF Village of Clarkston HOMES
2000 or Newer 0.7
1970 - 1999 28.2
1940 - 1969 26.3
1939 or Older 44.7

Types of Homes

TYPE OF Village of Clarkston HOMES
Single-Family 73.9
Townhomes 5.0
Small Apt. Buildings 6.2
Apt. Complexes 14.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Village of Clarkston HOMES
No Bedroom 0.00
1 Bedroom 15.55
2 Bedrooms 22.49
3 Bedrooms 31.34
4 Bedrooms 27.51
5 or more bedrooms 3.11