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 a population of 982, 405 total housing units (homes and apartments), and a median house value of $170,454, house prices in Baldwin are some of the most affordable in Michigan as well as the nation.
Single-family detached homes are the single most common housing type in Baldwin, accounting for 60.52% of the village's housing units. Other types of housing that are prevalent in Baldwin include duplexes, homes converted to apartments or other small apartment buildings ( 28.11%), large apartment complexes or high rise apartments ( 8.15%), and a few row houses and other attached homes ( 2.15%).
Baldwin is dominated by renter-occupied one, two, or no bedrooms apartments. 67.21% of Baldwin's dwellings are rentals.
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. Baldwin's housing was primarily built during this period, from the '40s through the '60s. A full 40.34% of the village's housing hails from this era. Other housing ages represented in Baldwin include homes built between 1970-1999 ( 37.77%) and housing constructed between 2000 and later ( 18.67%). There's also some housing in Baldwin built before 1939 ( 3.22%).
Vacant housing appears to be an issue in Baldwin. Fully 13.09% of the housing stock is classified as vacant. Left unchecked, vacant Baldwin homes and apartments can be a drag on the real estate market, holding Baldwin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Baldwin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.05%, which ranks in the top 30% nationwide. This equates to an annual average Baldwin house appreciation rate of 7.91%.
NeighborhoodScout's data show that during the latest twelve months, Baldwin's appreciation rate, at 7.84%, has been at or slightly above the national average. In the latest quarter, Baldwin's appreciation rate has been 0.88%, which annualizes to a rate of 3.56%.
Relative to Michigan, our data show that Baldwin's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.
$170,454
for Michigan
for nation
405
$1,286 / per month