Village of Clarkston MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 924, 413 total housing units (homes and apartments), and a median house value of $442,413, 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 68.31% 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 ( 15.73%), duplexes, homes converted to apartments or other small apartment buildings ( 10.09%), and a few row houses and other attached homes ( 5.16%).

The most prevalent building size and type in Village of Clarkston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.16% owning and 35.84% renting.

The housing in Village of Clarkston was primarily built before 1939 ( 35.45%), 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 1940-1969 ( 33.57%), followed by between 1970-1999 ( 27.93%). There's also some housing in Village of Clarkston built between 2000 and later ( 3.05%).

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 70.79% over the last ten years, which is an average annual home appreciation rate of 5.50%, 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 3.60%, has been at or slightly above the national average. In the latest quarter, Village of Clarkston's appreciation rate has been 1.92%, which annualizes to a rate of 7.90%.

Relative to Michigan, our data show that Village of Clarkston's latest annual appreciation rate is lower 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:
$442,413

Village of Clarkston, MI HOME PRICES

Value Range
> $1,309,000 1.7
$982,001 - $1,309,000 3.5
$654,001 - $982,000 8.8
$523,001 - $654,000 13.0
$392,001 - $523,000 16.1
$262,001 - $392,000 27.0
$131,001 - $262,000 23.9
$65,001 - $131,000 3.2
$0 - $65,000 2.7

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
9.64087591240876 2.24358974358974

Number Of Homes And Apartments:
413

Village of Clarkston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
29.33% 1.31%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,274 / per month

Homeownership Rate

Homeownership
Owners 64.16
Renters 35.84
Vacant 3.05

Housing Market Details

 

Age of Homes

AGE OF Village of Clarkston HOMES
2000 or Newer 3.1
1970 - 1999 27.9
1940 - 1969 33.6
1939 or Older 35.4

Types of Homes

TYPE OF Village of Clarkston HOMES
Single-Family 68.3
Townhomes 5.2
Small Apt. Buildings 10.1
Apt. Complexes 15.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Village of Clarkston HOMES
No Bedroom 0.00
1 Bedroom 17.14
2 Bedrooms 24.18
3 Bedrooms 34.27
4 Bedrooms 21.36
5 or more bedrooms 3.05