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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,022 people, 1,403 houses or apartments, and a median cost of homes of $193,085, house prices in Corunna are solidly below the national average.
Single-family detached homes are the single most common housing type in Corunna, accounting for 64.23% of the city's housing units. Other types of housing that are prevalent in Corunna include large apartment complexes or high rise apartments ( 31.81%), duplexes, homes converted to apartments or other small apartment buildings ( 3.36%).
People in Corunna primarily live in small (one, two or no bedroom) single-family detached homes. Corunna has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Corunna 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 Corunna built between 1940-1969 ( 39.33%). A lesser amount of the housing stock also hails from before 1939 ( 8.99%). There's also some housing in Corunna built between 2000 and later ( 5.23%).
Appreciation rates for homes in Corunna have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.34%, which ranks in the top 30% nationwide. This equates to an annual average Corunna house appreciation rate of 7.67%.
NeighborhoodScout's data show that during the latest twelve months, Corunna's appreciation rate, at 7.96%, has been at or slightly above the national average. In the latest quarter, Corunna's appreciation rate has been 6.27%, which annualizes to a rate of 27.54%.
Importantly, this makes Corunna 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 Corunna's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.
$193,085
for Michigan
for nation
1,403
$1,403 / per month