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 34,006, 3,070 total housing units (homes and apartments), and a median house value of $302,022, Holland 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 Holland, accounting for 56.79% of the city's housing units. Other types of housing that are prevalent in Holland include row houses and other attached homes ( 13.67%), large apartment complexes or high rise apartments ( 11.11%), and a few mobile homes or trailers ( 9.68%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Holland. Owner-occupied housing accounts for 73.60% of Holland's homes, and 56.47% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Holland 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 Holland built between 1940-1969 ( 29.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.55%). There's also some housing in Holland built before 1939 ( 2.21%).
Vacant housing appears to be an issue in Holland. Fully 11.86% of the housing stock is classified as vacant. Left unchecked, vacant Holland homes and apartments can be a drag on the real estate market, holding Holland 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.
In the last 10 years, Holland has experienced some of the highest home appreciation rates of any community in the nation. Holland real estate appreciated 142.00% over the last ten years, which is an average annual home appreciation rate of 9.24%, putting Holland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Holland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Holland's appreciation rate, at 6.61%, has been at or slightly above the national average. In the latest quarter, Holland's appreciation rate has been 2.83%, which annualizes to a rate of 11.83%.
Relative to Michigan, our data show that Holland's latest annual appreciation rate is higher than 50% 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 Holland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Holland - 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 Holland real estate investment or home purchase decisions.
$302,022
for Michigan
for nation
3,070
$1,799 / per month