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 962 people, 420 houses or apartments, and a median cost of homes of $315,390, Attica 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 Attica, accounting for 90.95% of the town's housing units. Other types of housing that are prevalent in Attica include mobile homes or trailers ( 6.44%), duplexes, homes converted to apartments or other small apartment buildings ( 1.81%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Attica. Owner-occupied housing accounts for 95.48% of Attica's homes, and 67.61% have either three or four bedrooms, which is average sized relative to America.
The housing in Attica was primarily built before 1939 ( 45.67%), making the housing stock in Attica some of the oldest overall in America, although there is a range of ages of homes in Attica. The next most important housing age is between 1970-1999 ( 21.93%), followed by between 1940-1969 ( 21.33%). There's also some housing in Attica built between 2000 and later ( 11.07%).
Vacant housing appears to be an issue in Attica. Fully 15.49% of the housing stock is classified as vacant. Left unchecked, vacant Attica homes and apartments can be a drag on the real estate market, holding Attica 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.
Appreciation rates for homes in Attica have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.02%, which ranks in the top 40% nationwide. This equates to an annual average Attica house appreciation rate of 7.07%.
Over the last year, Attica appreciation rates have trailed the rest of the nation. In the last twelve months, Attica's appreciation rate has been 3.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Attica were at 1.70%, which equates to an annual appreciation rate of 6.96%.
Relative to Michigan, our data show that Attica's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.
$315,390
for Michigan
for nation
420
$2,059 / per month