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 1,738, 645 total housing units (homes and apartments), and a median house value 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%).
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.
$337,590
for Michigan
for nation
645
$1,459 / per month