Walker, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Walker Neighborhoods Since 2000




Walker, 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

Walker Housing Market Information

With 24,647 people, 9,922 houses or apartments, and a median cost of homes of $169,268, Walker 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 Walker, accounting for 57.10% of the city's housing units. Other types of housing that are prevalent in Walker include large apartment complexes or high rise apartments ( 28.25%), row houses and other attached homes ( 7.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.81%).

The most prevalent building size and type in Walker are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.63% owning and 39.37% renting.

There is a lot of housing in Walker 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 Walker built between 1940-1969 ( 22.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.96%). There's also some housing in Walker built before 1939 ( 5.58%).

Walker Home Appreciation Rates

Appreciation rates for homes in Walker have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.19%, which ranks in the top 30% nationwide. This equates to an annual average Walker house appreciation rate of 0.98%.

Appreciation rates are so strong in Walker that despite a nationwide downturn in the housing market, Walker real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Walker appreciation rates continue to be some of the highest in America, at 8.00%, which is higher than appreciation rates in 86.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Walker. Walker appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

Importantly, this makes Walker 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 Walker's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$169,268

Walker, MI HOME PRICES

Value Range
> $1,246,000 0.0
$934,001 - $1,246,000 0.0
$623,001 - $934,000 1.4
$498,001 - $623,000 0.9
$374,001 - $498,000 2.5
$249,001 - $374,000 15.3
$125,001 - $249,000 63.6
$62,001 - $125,000 9.8
$0 - $62,000 6.5

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
41.8903082151647 26.4423076923077

Number Of Homes And Apartments:
9,922

Walker 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
25.79% 1.34% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$930 / per month

Homeownership Rate

Homeownership
Owners 60.63
Renters 39.37
Vacant 2.93

Housing Market Details

 

Age of Homes

AGE OF Walker HOMES
2000 or Newer 16.0
1970 - 1999 56.3
1940 - 1969 22.2
1939 or Older 5.6

Types of Homes

TYPE OF Walker HOMES
Single-Family 57.1
Townhomes 7.3
Small Apt. Buildings 3.8
Apt. Complexes 28.3
Mobile Homes 3.2
Other 0.4

Home Size

SIZE OF Walker HOMES
No Bedroom 0.65
1 Bedroom 20.15
2 Bedrooms 24.82
3 Bedrooms 36.42
4 Bedrooms 15.35
5 or more bedrooms 2.61