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 1,156, 519 total housing units (homes and apartments), and a median house value of $145,515, house prices in Beaverton 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 Beaverton, accounting for 47.62% of the city's housing units. Other types of housing that are prevalent in Beaverton include large apartment complexes or high rise apartments ( 34.62%), duplexes, homes converted to apartments or other small apartment buildings ( 9.71%), and a few mobile homes or trailers ( 6.23%).
People in Beaverton primarily live in small (one, two or no bedroom) single-family detached homes. Beaverton has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Beaverton 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 Beaverton built between 1940-1969 ( 33.15%). A lesser amount of the housing stock also hails from before 1939 ( 10.44%). There's also some housing in Beaverton built between 2000 and later ( 8.79%).
Beaverton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beaverton during the period has been just 5.52%, which is lower than 70% of US communities.
Appreciation rates are so strong in Beaverton that despite a nationwide downturn in the housing market, Beaverton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beaverton appreciation rates continue to be some of the highest in America, at 13.39%, which is higher than appreciation rates in 81.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beaverton. Beaverton appreciation rates in the latest quarter were at 2.77%, which equates to an annual appreciation rate of 11.54%.
Relative to Michigan, our data show that Beaverton's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.
$145,515
for Michigan
for nation
519
$1,063 / per month