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 2,481, 1,145 total housing units (homes and apartments), and a median house value of $123,188, house prices in Clio 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 Clio, accounting for 54.48% of the city's housing units. Other types of housing that are prevalent in Clio include large apartment complexes or high rise apartments ( 27.11%), mobile homes or trailers ( 9.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.12%).
The most prevalent building size and type in Clio are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.60% owning and 45.40% renting.
There is a lot of housing in Clio 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 Clio built between 1940-1969 ( 30.29%). A lesser amount of the housing stock also hails from before 1939 ( 26.78%). There's also some housing in Clio built between 2000 and later ( 5.94%).
Real estate appreciation rates in Clio's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.
Over the last year, Clio appreciation rates have trailed the rest of the nation. In the last twelve months, Clio's appreciation rate has been 4.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clio were at 2.46%, which equates to an annual appreciation rate of 10.20%.
Relative to Michigan, our data show that Clio's latest annual appreciation rate is lower 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 Clio differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clio - 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 Clio real estate investment or home purchase decisions.
$123,188
for Michigan
for nation
1,145
$1,139 / per month