menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gladwin, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gladwin, MI Housing Market Trends

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.

Gladwin Home Appreciation Rates

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.

Average Home Values

Median Home Value

$163,555

Gladwin, MI Home Prices
> $1,381,000
$1,036,001 - $1,381,000
$691,001 - $1,036,000
$552,001 - $691,000
$415,001 - $552,000
$276,001 - $415,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
0.8%
0.8%
0.0%
0.0%
0.6%
0.6%
0.3%
0.3%
2.7%
2.7%
15.5%
15.5%
40.9%
40.9%
31.0%
31.0%
8.1%
8.1%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

1,231

Gladwin Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,288 / per month

Homeownership Rate

Owners
Renters
60.3%
60.3%
39.7%
39.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.2%
12.2%
87.8%
87.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.8%
10.8%
40.6%
40.6%
39.2%
39.2%
9.3%
9.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.2%
69.2%
1.4%
1.4%
5.3%
5.3%
15.3%
15.3%
8.9%
8.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
13.0%
13.0%
31.9%
31.9%
35.2%
35.2%
14.3%
14.3%
4.2%
4.2%
0% 100.0%
% of Homes

Popular Communities Near Gladwin, MI

Zip Codes in Gladwin, MI