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 4,803, 1,822 total housing units (homes and apartments), and a median house value of $416,667, DeWitt real estate is some of the most expensive in Michigan, although DeWitt home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in DeWitt, accounting for 74.09% of the city's housing units. Other types of housing that are prevalent in DeWitt include large apartment complexes or high rise apartments ( 12.21%), duplexes, homes converted to apartments or other small apartment buildings ( 6.96%), and a few row houses and other attached homes ( 6.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in DeWitt. Owner-occupied housing accounts for 76.64% of DeWitt's homes, and 65.90% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in DeWitt 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 DeWitt built between 2000 and later ( 21.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.13%). There's also some housing in DeWitt built before 1939 ( 11.56%).
Appreciation rates for homes in DeWitt have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.22%, which ranks in the top 50% nationwide. This equates to an annual average DeWitt house appreciation rate of 6.64%.
NeighborhoodScout's data show that during the latest twelve months, DeWitt's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, DeWitt's appreciation rate has been 0.71%, which annualizes to a rate of 2.85%.
Relative to Michigan, our data show that DeWitt's latest annual appreciation rate is lower 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 DeWitt differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in DeWitt - 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 DeWitt real estate investment or home purchase decisions.
$416,667
for Michigan
for nation
1,822
$1,521 / per month