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 2,356 people, 978 houses or apartments, and a median cost of homes of $161,496, house prices in West Branch are some of the most affordable in Michigan as well as the nation.
Single-family detached homes are the single most common housing type in West Branch, accounting for 54.58% of the city's housing units. Other types of housing that are prevalent in West Branch include large apartment complexes or high rise apartments ( 27.73%), duplexes, homes converted to apartments or other small apartment buildings ( 12.76%), and a few row houses and other attached homes ( 4.93%).
People in West Branch primarily live in small (one, two or no bedroom) single-family detached homes. West Branch has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in West Branch 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 West Branch built between 1940-1969 ( 34.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.05%). There's also some housing in West Branch built before 1939 ( 12.06%).
Vacant housing appears to be an issue in West Branch. Fully 13.91% of the housing stock is classified as vacant. Left unchecked, vacant West Branch homes and apartments can be a drag on the real estate market, holding West Branch 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.
Real estate appreciation rates in West Branch's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.11% during the period.
Over the last year, West Branch appreciation rates have trailed the rest of the nation. In the last twelve months, West Branch's appreciation rate has been 3.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Branch were at 0.88%, which equates to an annual appreciation rate of 3.56%.
Relative to Michigan, our data show that West Branch's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.
$161,496
for Michigan
for nation
978
$1,291 / per month