Zeeland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Zeeland Neighborhoods Since 2000




Zeeland, 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

Zeeland Housing Market Information

With 5,626 people, 2,396 houses or apartments, and a median cost of homes of $164,125, 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

In the last 10 years, Zeeland has experienced some of the highest home appreciation rates of any community in the nation. Zeeland real estate appreciated 15.62% over the last ten years, which is an average annual home appreciation rate of 1.46%, putting Zeeland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Zeeland 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 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 10.67%, which is higher than appreciation rates in 95.47% 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 3.68%, which equates to an annual appreciation rate of 15.57%.

Importantly, this makes Zeeland 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 Zeeland's latest annual appreciation rate is higher than 90% 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:
$164,125

Zeeland, MI HOME PRICES

Value Range
> $1,287,000 0.1
$965,001 - $1,287,000 0.0
$643,001 - $965,000 0.0
$515,001 - $643,000 0.0
$386,001 - $515,000 3.8
$257,001 - $386,000 16.1
$129,001 - $257,000 54.8
$64,001 - $129,000 19.0
$0 - $64,000 6.2

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
43.9997656158444 29.0064102564103

Number Of Homes And Apartments:
2,396

Zeeland 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
33.58% 1.69% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$967 / 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