Whitehall, 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

Whitehall, MI Housing Market Trends

With 2,832 people, 1,150 houses or apartments, and a median cost of homes of $191,113, Whitehall 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 Whitehall, accounting for 69.63% of the city's housing units. Other types of housing that are prevalent in Whitehall include large apartment complexes or high rise apartments ( 16.61%), duplexes, homes converted to apartments or other small apartment buildings ( 11.40%), and a few row houses and other attached homes ( 2.36%).

The most prevalent building size and type in Whitehall are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.21% owning and 39.79% 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. Whitehall's housing was primarily built during this period, from the '40s through the '60s. A full 41.45% of the city's housing hails from this era. Other housing ages represented in Whitehall include homes built between 1970-1999 ( 29.32%) and housing constructed before 1939 ( 23.45%). There's also some housing in Whitehall built between 2000 and later ( 5.78%).

Whitehall Home Appreciation Rates

In the last 10 years, Whitehall has experienced some of the highest home appreciation rates of any community in the nation. Whitehall real estate appreciated 68.58% over the last ten years, which is an average annual home appreciation rate of 5.36%, putting Whitehall in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Whitehall definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Whitehall that despite a nationwide downturn in the housing market, Whitehall real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whitehall appreciation rates continue to be some of the highest in America, at 11.06%, which is higher than appreciation rates in 76.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whitehall. Whitehall appreciation rates in the latest quarter were at 2.78%, which equates to an annual appreciation rate of 11.61%.

Relative to Michigan, our data show that Whitehall's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$191,113

Whitehall, MI HOME PRICES

> $1,296,000
3.2%
3.2%
$972,001 - $1,296,000
0.2%
0.2%
$648,001 - $972,000
2.8%
2.8%
$519,001 - $648,000
2.0%
2.0%
$389,001 - $519,000
4.5%
4.5%
$259,001 - $389,000
12.5%
12.5%
$130,001 - $259,000
47.5%
47.5%
$65,001 - $130,000
18.5%
18.5%
$0 - $65,000
8.7%
8.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for MI

Value Relative To Nation

Number Of Homes And Apartments:
1,150

Whitehall 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
49.79% 1.90%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$991 / per month

Homeownership Rate

Owners
60.2%
60.2%
Renters
39.8%
39.8%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.8%
5.8%
1970 - 1999
29.3%
29.3%
1940 - 1969
41.4%
41.4%
1939 or Older
23.5%
23.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.6%
69.6%
Townhomes
2.4%
2.4%
Small Apt. Buildings
11.4%
11.4%
Apt. Complexes
16.6%
16.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
12.0%
12.0%
2 Bedrooms
30.1%
30.1%
3 Bedrooms
33.6%
33.6%
4 Bedrooms
20.1%
20.1%
5 or more bedrooms
3.3%
3.3%
0.0% 100.0%
% OF HOMES