Beverly Hills, MI Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Beverly Hills, MI Housing Market Trends

With 10,352 people, 4,156 houses or apartments, and a median cost of homes of $511,646, Beverly Hills house prices are not only among the most expensive in Michigan, Beverly Hills real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Beverly Hills, accounting for 92.78% of the village's housing units. Other types of housing that are prevalent in Beverly Hills include large apartment complexes or high rise apartments ( 4.41%), row houses and other attached homes ( 1.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beverly Hills. Owner-occupied housing accounts for 90.28% of Beverly Hills's homes, and 80.87% have either three or four bedrooms, which is average sized relative to America.

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. Beverly Hills's housing was primarily built during this period, from the '40s through the '60s. A full 76.53% of the village's housing hails from this era. Other housing ages represented in Beverly Hills include homes built between 1970-1999 ( 14.81%) and housing constructed before 1939 ( 5.80%). There's also some housing in Beverly Hills built between 2000 and later ( 2.86%).

Beverly Hills Home Appreciation Rates

In the last 10 years, Beverly Hills has experienced some of the highest home appreciation rates of any community in the nation. Beverly Hills real estate appreciated 91.59% over the last ten years, which is an average annual home appreciation rate of 6.72%, putting Beverly Hills in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Beverly Hills definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Beverly Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Beverly Hills's appreciation rate has been 7.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beverly Hills were at 2.90%, which equates to an annual appreciation rate of 12.13%.

Relative to Michigan, our data show that Beverly Hills's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$511,646

Beverly Hills, MI HOME PRICES

> $1,214,000
1.0%
1.0%
$911,001 - $1,214,000
1.9%
1.9%
$607,001 - $911,000
19.1%
19.1%
$486,001 - $607,000
26.1%
26.1%
$364,001 - $486,000
27.9%
27.9%
$243,001 - $364,000
17.2%
17.2%
$121,001 - $243,000
5.2%
5.2%
$61,001 - $121,000
0.0%
0.0%
$0 - $61,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MI

Value Relative To Nation

Number Of Homes And Apartments:
4,156

Beverly Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
48.20% 1.85%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,029 / per month

Homeownership Rate

Owners
90.3%
90.3%
Renters
9.7%
9.7%
Vacant
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.9%
2.9%
1970 - 1999
14.8%
14.8%
1940 - 1969
76.5%
76.5%
1939 or Older
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
92.8%
92.8%
Townhomes
1.7%
1.7%
Small Apt. Buildings
1.1%
1.1%
Apt. Complexes
4.4%
4.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.6%
0.6%
2 Bedrooms
12.0%
12.0%
3 Bedrooms
46.2%
46.2%
4 Bedrooms
34.7%
34.7%
5 or more bedrooms
6.6%
6.6%
0.0% 100.0%
% OF HOMES