Whitehall, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Whitehall Neighborhoods Since 2000




Whitehall, 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

Whitehall Housing Market Information

With a population of 2,711, 1,115 total housing units (homes and apartments), and a median house value of $160,105, Whitehall 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 Whitehall, accounting for 63.55% of the city's housing units. Other types of housing that are prevalent in Whitehall include large apartment complexes or high rise apartments ( 16.65%), duplexes, homes converted to apartments or other small apartment buildings ( 15.33%), and a few row houses and other attached homes ( 4.14%).

The most prevalent building size and type in Whitehall are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.59% owning and 41.41% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Whitehall's housing was primarily built during this period, from the '40s through the '60s. A full 33.31% of the city's housing hails from this era. Other housing ages represented in Whitehall include homes built before 1939 ( 30.57%) and housing constructed between 1970-1999 ( 29.49%). There's also some housing in Whitehall built between 2000 and later ( 6.63%).

Whitehall Home Appreciation Rates

Real estate appreciation rates in Whitehall's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

Appreciation rates are so strong in Whitehall that despite a nationwide downturn in the housing market, Whitehall real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whitehall appreciation rates continue to be some of the highest in America, at 11.03%, which is higher than appreciation rates in 96.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whitehall. Whitehall appreciation rates in the latest quarter were at 1.76%, which equates to an annual appreciation rate of 7.23%.

Importantly, this makes Whitehall 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 Whitehall's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$160,105

Whitehall, MI HOME PRICES

Value Range
> $1,202,000 0.0
$902,001 - $1,202,000 0.8
$601,001 - $902,000 1.6
$481,001 - $601,000 2.9
$361,001 - $481,000 3.5
$240,001 - $361,000 10.7
$120,001 - $240,000 43.4
$60,001 - $120,000 27.1
$0 - $60,000 10.1

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
45.6404547052619 31.7307692307692

Number Of Homes And Apartments:
1,115

Whitehall 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
9.84% 0.55% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$725 / per month

Homeownership Rate

Homeownership
Owners 58.59
Renters 41.41
Vacant 7.62

Housing Market Details

 

Age of Homes

AGE OF Whitehall HOMES
2000 or Newer 6.6
1970 - 1999 29.5
1940 - 1969 33.3
1939 or Older 30.6

Types of Homes

TYPE OF Whitehall HOMES
Single-Family 63.5
Townhomes 4.1
Small Apt. Buildings 15.3
Apt. Complexes 16.7
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Whitehall HOMES
No Bedroom 1.16
1 Bedroom 17.32
2 Bedrooms 28.75
3 Bedrooms 32.48
4 Bedrooms 17.56
5 or more bedrooms 2.73