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 5,712, 2,558 total housing units (homes and apartments), and a median house value of $280,983, Dundee 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 Dundee, accounting for 53.18% of the village's housing units. Other types of housing that are prevalent in Dundee include large apartment complexes or high rise apartments ( 28.27%), mobile homes or trailers ( 11.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.71%).
The most prevalent building size and type in Dundee are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.48% owning and 37.52% renting.
Dundee homes and real estate are some of the newest in America. 51.09% of Dundee's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Dundee real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.71%), and before 1939 ( 13.40%). There's also some housing in Dundee built between 1940-1969 ( 12.81%).
Real estate appreciation rates in Dundee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.85% during the period.
Over the last year, Dundee appreciation rates have trailed the rest of the nation. In the last twelve months, Dundee's appreciation rate has been -4.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dundee were at -2.05%, which equates to an annual appreciation rate of -7.94%.
Notably, Dundee's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Michigan, our data show that Dundee's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.
$280,983
for Michigan
for nation
2,558
$1,601 / per month