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 16,640 people, 6,719 houses or apartments, and a median cost of homes of $309,425, Jenison 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 Jenison, accounting for 76.11% of the town's housing units. Other types of housing that are prevalent in Jenison include large apartment complexes or high rise apartments ( 12.07%), row houses and other attached homes ( 9.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.37%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jenison. Owner-occupied housing accounts for 84.47% of Jenison's homes, and 66.44% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Jenison 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 Jenison built between 1940-1969 ( 38.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.38%). There's also some housing in Jenison built before 1939 ( 1.58%).
In the last 10 years, Jenison has experienced some of the highest home appreciation rates of any community in the nation. Jenison real estate appreciated 128.00% over the last ten years, which is an average annual home appreciation rate of 8.59%, putting Jenison in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jenison definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Jenison's appreciation rate, at 6.08%, has been at or slightly above the national average. In the latest quarter, Jenison's appreciation rate has been 3.40%, which annualizes to a rate of 14.32%.
Importantly, this makes Jenison one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Michigan, our data show that Jenison's latest annual appreciation rate is lower than 50% 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 town. Individual neighborhoods within Jenison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jenison - 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 Jenison real estate investment or home purchase decisions.
$309,425
for Michigan
for nation
6,719
$2,061 / per month