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 1,370, 495 total housing units (homes and apartments), and a median house value of $182,588, house prices in Stanton are solidly below the national average.
Single-family detached homes are the single most common housing type in Stanton, accounting for 61.06% of the city's housing units. Other types of housing that are prevalent in Stanton include duplexes, homes converted to apartments or other small apartment buildings ( 15.36%), large apartment complexes or high rise apartments ( 12.80%), and a few mobile homes or trailers ( 9.69%).
People in Stanton primarily live in small (one, two or no bedroom) single-family detached homes. Stanton has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Stanton 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 Stanton built before 1939 ( 29.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.55%). There's also some housing in Stanton built between 2000 and later ( 10.42%).
In the last 10 years, Stanton has experienced some of the highest home appreciation rates of any community in the nation. Stanton real estate appreciated 121.21% over the last ten years, which is an average annual home appreciation rate of 8.26%, putting Stanton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Stanton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Stanton appreciation rates have trailed the rest of the nation. In the last twelve months, Stanton's appreciation rate has been 3.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stanton were at 3.40%, which equates to an annual appreciation rate of 14.31%.
Importantly, this makes Stanton 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 Stanton's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.
$182,588
for Michigan
for nation
495
$1,409 / per month