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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fennville, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Fennville, MI Housing Market Trends

With 1,738 people, 645 houses or apartments, and a median cost of homes of $337,590, Fennville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fennville, accounting for 44.56% of the city's housing units. Other types of housing that are prevalent in Fennville include mobile homes or trailers ( 26.42%), large apartment complexes or high rise apartments ( 13.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.92%).

The most prevalent building size and type in Fennville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.53% owning and 40.47% renting.

There is a lot of housing in Fennville 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 Fennville built between 1940-1969 ( 27.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.38%). There's also some housing in Fennville built before 1939 ( 12.05%).

Fennville Home Appreciation Rates

In the last 10 years, Fennville has experienced some of the highest home appreciation rates of any community in the nation. Fennville real estate appreciated 133.77% over the last ten years, which is an average annual home appreciation rate of 8.86%, putting Fennville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fennville 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 Fennville that despite a nationwide downturn in the housing market, Fennville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fennville appreciation rates continue to be some of the highest in America, at 9.99%, which is higher than appreciation rates in 87.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fennville. Fennville appreciation rates in the latest quarter were at 0.88%, which equates to an annual appreciation rate of 3.56%.

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

Average Home Values

Median Home Value

$337,590

Fennville, MI Home Prices
> $1,515,000
$1,136,001 - $1,515,000
$758,001 - $1,136,000
$606,001 - $758,000
$455,001 - $606,000
$303,001 - $455,000
$152,001 - $303,000
$76,001 - $152,000
$0 - $76,000
1.6%
1.6%
0.3%
0.3%
4.1%
4.1%
6.6%
6.6%
13.7%
13.7%
22.6%
22.6%
32.1%
32.1%
10.3%
10.3%
8.6%
8.6%
0% 100.0%
% of Homes
Very High

for Michigan

High

for nation

Number of Homes And Apartments:

645

Fennville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,459 / per month

Homeownership Rate

Owners
Renters
59.5%
59.5%
40.5%
40.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.4%
6.4%
93.6%
93.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.4%
15.4%
44.8%
44.8%
27.7%
27.7%
12.0%
12.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.6%
44.6%
2.2%
2.2%
12.9%
12.9%
13.9%
13.9%
26.4%
26.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
9.3%
9.3%
30.2%
30.2%
44.8%
44.8%
13.1%
13.1%
2.6%
2.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Fennville

Zip Codes in Fennville, MI