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 4,396 people, 1,726 houses or apartments, and a median cost of homes of $227,603, house prices in Middleville are solidly below the national average.
Single-family detached homes are the single most common housing type in Middleville, accounting for 56.20% of the village's housing units. Other types of housing that are prevalent in Middleville include mobile homes or trailers ( 17.67%), large apartment complexes or high rise apartments ( 12.92%), and a few row houses and other attached homes ( 8.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middleville. Owner-occupied housing accounts for 73.95% of Middleville's homes, and 69.99% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Middleville 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 Middleville built between 2000 and later ( 35.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.73%). There's also some housing in Middleville built before 1939 ( 10.25%).
In the last 10 years, Middleville has experienced some of the highest home appreciation rates of any community in the nation. Middleville real estate appreciated 121.65% over the last ten years, which is an average annual home appreciation rate of 8.28%, putting Middleville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Middleville 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 Middleville that despite a nationwide downturn in the housing market, Middleville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Middleville appreciation rates continue to be some of the highest in America, at 13.35%, which is higher than appreciation rates in 80.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Middleville. Middleville appreciation rates in the latest quarter were at 3.79%, which equates to an annual appreciation rate of 16.06%.
Relative to Michigan, our data show that Middleville's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.
$227,603
for Michigan
for nation
1,726
$1,720 / per month