Port Huron, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Port Huron, MI Housing Market Trends

With 28,749 people, 12,298 houses or apartments, and a median cost of homes of $123,319, house prices in Port Huron are solidly below the national average.

Single-family detached homes are the single most common housing type in Port Huron, accounting for 66.24% of the city's housing units. Other types of housing that are prevalent in Port Huron include duplexes, homes converted to apartments or other small apartment buildings ( 14.46%), large apartment complexes or high rise apartments ( 14.36%), and a few row houses and other attached homes ( 4.55%).

The most prevalent building size and type in Port Huron are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.12% owning and 48.88% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Port Huron's housing was primarily built during this period, from the '40s through the '60s. A full 40.97% of the city's housing hails from this era. Other housing ages represented in Port Huron include homes built before 1939 ( 30.76%) and housing constructed between 1970-1999 ( 23.67%). There's also some housing in Port Huron built between 2000 and later ( 4.61%).

Vacant housing appears to be an issue in Port Huron. Fully 10.10% of the housing stock is classified as vacant. Left unchecked, vacant Port Huron homes and apartments can be a drag on the real estate market, holding Port Huron real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Port Huron Home Appreciation Rates

Appreciation rates for homes in Port Huron have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 62.45%, which ranks in the top 30% nationwide. This equates to an annual average Port Huron house appreciation rate of 4.97%.

NeighborhoodScout's data show that during the latest twelve months, Port Huron's appreciation rate, at 8.88%, has been at or slightly above the national average. In the latest quarter, Port Huron's appreciation rate has been 2.89%, which annualizes to a rate of 12.07%.

Relative to Michigan, our data show that Port Huron'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 Port Huron differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Huron - 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 Port Huron real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$123,319

Port Huron, MI HOME PRICES

> $1,272,000
0.4%
0.4%
$954,001 - $1,272,000
0.3%
0.3%
$636,001 - $954,000
1.6%
1.6%
$509,001 - $636,000
1.3%
1.3%
$382,001 - $509,000
2.4%
2.4%
$254,001 - $382,000
5.9%
5.9%
$127,001 - $254,000
24.6%
24.6%
$63,001 - $127,000
46.5%
46.5%
$0 - $63,000
17.0%
17.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for MI

Value Relative To Nation

Number Of Homes And Apartments:
12,298

Port Huron Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
17.75% 0.76%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,193 / per month

Homeownership Rate

Owners
51.1%
51.1%
Renters
48.9%
48.9%
Vacant
10.1%
10.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
23.7%
23.7%
1940 - 1969
41.0%
41.0%
1939 or Older
30.8%
30.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.2%
66.2%
Townhomes
4.6%
4.6%
Small Apt. Buildings
14.5%
14.5%
Apt. Complexes
14.4%
14.4%
Mobile Homes
0.3%
0.3%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
12.5%
12.5%
2 Bedrooms
30.1%
30.1%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES