White Lake, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating White Lake Neighborhoods Since 2000




White Lake, 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

White Lake Housing Market Information

With 30,976 people, 1,615 houses or apartments, and a median cost of homes of $117,236, house prices in White Lake are solidly below the national average.

Single-family detached homes are the single most common housing type in White Lake, accounting for 80.04% of the town's housing units. Other types of housing that are prevalent in White Lake include mobile homes or trailers ( 12.70%), large apartment complexes or high rise apartments ( 3.50%), and a few row houses and other attached homes ( 2.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in White Lake. Owner-occupied housing accounts for 88.30% of White Lake's homes, and 77.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in White Lake 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 White Lake built between 1940-1969 ( 23.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.59%). There's also some housing in White Lake built before 1939 ( 8.14%).

White Lake Home Appreciation Rates

In the last 10 years, White Lake has experienced some of the highest home appreciation rates of any community in the nation. White Lake real estate appreciated 41.21% over the last ten years, which is an average annual home appreciation rate of 3.51%, putting White Lake in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, White Lake definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in White Lake that despite a nationwide downturn in the housing market, White Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, White Lake appreciation rates continue to be some of the highest in America, at 6.13%, which is higher than appreciation rates in 75.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in White Lake. White Lake appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Michigan, our data show that White Lake'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 town. Individual neighborhoods within White Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in White Lake - 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 White Lake real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$117,236

White Lake, MI HOME PRICES

Value Range
> $1,148,000 0.0
$861,001 - $1,148,000 0.0
$574,001 - $861,000 1.5
$459,001 - $574,000 0.0
$344,001 - $459,000 0.5
$229,001 - $344,000 14.8
$115,001 - $229,000 20.2
$57,001 - $115,000 38.8
$0 - $57,000 24.3

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
67.0690261338333 61.0576923076923

Number Of Homes And Apartments:
1,615

White Lake 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
78.69% 3.42% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 88.30
Renters 11.70
Vacant 7.62

Housing Market Details

 

Age of Homes

AGE OF White Lake HOMES
2000 or Newer 17.6
1970 - 1999 51.0
1940 - 1969 23.2
1939 or Older 8.1

Types of Homes

TYPE OF White Lake HOMES
Single-Family 80.0
Townhomes 2.8
Small Apt. Buildings 0.9
Apt. Complexes 3.5
Mobile Homes 12.7
Other 0.0

Home Size

SIZE OF White Lake HOMES
No Bedroom 0.68
1 Bedroom 2.44
2 Bedrooms 16.62
3 Bedrooms 54.22
4 Bedrooms 23.44
5 or more bedrooms 2.60