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 3,107, 1,231 total housing units (homes and apartments), and a median house value of $163,555, house prices in Gladwin 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 Gladwin, accounting for 69.19% of the city's housing units. Other types of housing that are prevalent in Gladwin include large apartment complexes or high rise apartments ( 15.26%), mobile homes or trailers ( 8.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.28%).
The most prevalent building size and type in Gladwin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.35% owning and 39.65% renting.
There is a lot of housing in Gladwin 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 Gladwin built between 1940-1969 ( 39.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.84%). There's also some housing in Gladwin built before 1939 ( 9.34%).
Vacant housing appears to be an issue in Gladwin. Fully 12.20% of the housing stock is classified as vacant. Left unchecked, vacant Gladwin homes and apartments can be a drag on the real estate market, holding Gladwin 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 Gladwin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.16% during the period.
Appreciation rates are so strong in Gladwin that despite a nationwide downturn in the housing market, Gladwin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gladwin appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 71.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gladwin. Gladwin appreciation rates in the latest quarter were at 0.88%, which equates to an annual appreciation rate of 3.56%.
Relative to Michigan, our data show that Gladwin's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gladwin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gladwin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Gladwin real estate investment or home purchase decisions.
$163,555
for Michigan
for nation
1,231
$1,288 / per month