Zeeland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Zeeland, MI Real Estate Data


Zeeland Housing Market Information

With 5,626 people, 2,396 houses or apartments, and a median cost of homes of $158,328, Zeeland 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 Zeeland, accounting for 57.14% of the city's housing units. Other types of housing that are prevalent in Zeeland include duplexes, homes converted to apartments or other small apartment buildings ( 19.70%), large apartment complexes or high rise apartments ( 18.45%), and a few row houses and other attached homes ( 4.72%).

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

There is a lot of housing in Zeeland 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 Zeeland built before 1939 ( 28.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.95%). There's also some housing in Zeeland built between 2000 and later ( 10.98%).

Zeeland Home Appreciation Rates

Appreciation rates for homes in Zeeland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.31%, which ranks in the top 30% nationwide. This equates to an annual average Zeeland house appreciation rate of 1.08%.

Appreciation rates are so strong in Zeeland that despite a nationwide downturn in the housing market, Zeeland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zeeland appreciation rates continue to be some of the highest in America, at 8.79%, which is higher than appreciation rates in 89.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zeeland. Zeeland appreciation rates in the latest quarter were at 0.19%, which equates to an annual appreciation rate of 0.76%.

Relative to Michigan, our data show that Zeeland's latest annual appreciation rate is higher than 80% 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 Zeeland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Zeeland - 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 Zeeland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$158,328

Zeeland, MI HOME PRICES

Value Range
> $1,242,000 0.0
$931,001 - $1,242,000 0.0
$621,001 - $931,000 0.0
$496,001 - $621,000 0.0
$372,001 - $496,000 3.8
$248,001 - $372,000 16.1
$124,001 - $248,000 54.8
$62,001 - $124,000 19.0
$0 - $62,000 6.2

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
46.138521035978 31.0897435897436

Number Of Homes And Apartments:
2,396

Rent & Ownership

 

Average Market Rent:
$882 / per month

Homeownership Rate

Homeownership
Owners 60.26
Renters 39.74
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Zeeland HOMES
2000 or Newer 11.0
1970 - 1999 38.0
1940 - 1969 23.0
1939 or Older 28.1

Types of Homes

TYPE OF Zeeland HOMES
Single-Family 57.1
Townhomes 4.7
Small Apt. Buildings 19.7
Apt. Complexes 18.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Zeeland HOMES
No Bedroom 2.13
1 Bedroom 15.23
2 Bedrooms 35.89
3 Bedrooms 27.25
4 Bedrooms 16.07
5 or more bedrooms 3.42

Zeeland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
29.06% 1.49% 9 3
* 10 is highest