West Branch, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating West Branch Neighborhoods Since 2000




West Branch, 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

West Branch Housing Market Information

With a population of 2,067, 1,063 total housing units (homes and apartments), and a median house value of $99,033, house prices in West Branch are solidly below the national average.

Single-family detached homes are the single most common housing type in West Branch, accounting for 51.72% of the city's housing units. Other types of housing that are prevalent in West Branch include large apartment complexes or high rise apartments ( 31.28%), duplexes, homes converted to apartments or other small apartment buildings ( 11.45%), and a few row houses and other attached homes ( 3.70%).

People in West Branch primarily live in small (one, two or no bedroom) single-family detached homes. West Branch has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in West Branch 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 West Branch built between 1940-1969 ( 27.22%). A lesser amount of the housing stock also hails from before 1939 ( 21.06%). There's also some housing in West Branch built between 2000 and later ( 16.04%).

West Branch Home Appreciation Rates

West Branch's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Branch during the period has been just -1.99%, which is lower than 80% of US communities.

Over the last year, West Branch appreciation rates have trailed the rest of the nation. In the last twelve months, West Branch's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Branch were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that West Branch's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$99,033

West Branch, MI HOME PRICES

Value Range
> $1,100,000 0.0
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.8
$440,001 - $550,000 0.7
$330,001 - $440,000 1.8
$220,001 - $330,000 9.0
$110,001 - $220,000 28.2
$55,001 - $110,000 44.1
$0 - $55,000 15.3

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
78.1905543185281 75.9615384615385

Number Of Homes And Apartments:
1,063

West Branch 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
-2.36% -0.14% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$786 / per month

Homeownership Rate

Homeownership
Owners 40.54
Renters 59.46
Vacant 6.34

Housing Market Details

 

Age of Homes

AGE OF West Branch HOMES
2000 or Newer 16.0
1970 - 1999 35.7
1940 - 1969 27.2
1939 or Older 21.1

Types of Homes

TYPE OF West Branch HOMES
Single-Family 51.7
Townhomes 3.7
Small Apt. Buildings 11.5
Apt. Complexes 31.3
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF West Branch HOMES
No Bedroom 5.73
1 Bedroom 21.32
2 Bedrooms 30.31
3 Bedrooms 27.14
4 Bedrooms 13.04
5 or more bedrooms 2.47

Popular Communities Near West Branch, MI

Zip Codes in West Branch, MI