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 7,708, 2,662 total housing units (homes and apartments), and a median house value of $288,772, Hudsonville 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 Hudsonville, accounting for 61.68% of the city's housing units. Other types of housing that are prevalent in Hudsonville include row houses and other attached homes ( 12.85%), large apartment complexes or high rise apartments ( 9.93%), and a few mobile homes or trailers ( 9.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hudsonville. Owner-occupied housing accounts for 84.41% of Hudsonville's homes, and 66.48% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hudsonville 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 Hudsonville built between 1940-1969 ( 27.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.22%). There's also some housing in Hudsonville built before 1939 ( 7.57%).
Appreciation rates for homes in Hudsonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.55%, which ranks in the top 30% nationwide. This equates to an annual average Hudsonville house appreciation rate of 7.47%.
Over the last year, Hudsonville appreciation rates have trailed the rest of the nation. In the last twelve months, Hudsonville's appreciation rate has been 4.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hudsonville were at 3.40%, which equates to an annual appreciation rate of 14.32%.
Importantly, this makes Hudsonville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Hudsonville's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hudsonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hudsonville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hudsonville real estate investment or home purchase decisions.
$288,772
for Michigan
for nation
2,662
$2,321 / per month