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 2,002 people, 728 houses or apartments, and a median cost of homes of $305,567, Goodrich 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 Goodrich, accounting for 86.35% of the village's housing units. Other types of housing that are prevalent in Goodrich include row houses and other attached homes ( 9.75%), duplexes, homes converted to apartments or other small apartment buildings ( 2.21%), and a few large apartment complexes or high rise apartments ( 1.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Goodrich. Owner-occupied housing accounts for 92.06% of Goodrich's homes, and 73.08% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Goodrich 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 Goodrich built between 2000 and later ( 28.22%). A lesser amount of the housing stock also hails from before 1939 ( 19.90%). There's also some housing in Goodrich built between 1940-1969 ( 11.83%).
Real estate appreciation rates in Goodrich's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.41% during the period.
Appreciation rates are so strong in Goodrich that despite a nationwide downturn in the housing market, Goodrich real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Goodrich appreciation rates continue to be some of the highest in America, at 8.76%, which is higher than appreciation rates in 78.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Goodrich. Goodrich appreciation rates in the latest quarter were at 2.46%, which equates to an annual appreciation rate of 10.20%.
Relative to Michigan, our data show that Goodrich's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.
$305,567
for Michigan
for nation
728
$1,584 / per month