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 4,529 people, 1,758 houses or apartments, and a median cost of homes of $461,686, Dexter real estate is some of the most expensive in Michigan, although Dexter home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Dexter, accounting for 58.39% of the city's housing units. Other types of housing that are prevalent in Dexter include row houses and other attached homes ( 20.38%), large apartment complexes or high rise apartments ( 12.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dexter. Owner-occupied housing accounts for 72.18% of Dexter's homes, and 61.99% have either three or four bedrooms, which is average sized relative to America.
Dexter homes and real estate are some of the newest in America. 46.66% of Dexter's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Dexter real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 24.59%), and between 1940-1969 ( 14.71%). There's also some housing in Dexter built before 1939 ( 14.04%).
Real estate appreciation rates in Dexter's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.05% during the period.
NeighborhoodScout's data show that during the latest twelve months, Dexter's appreciation rate, at 6.32%, has been at or slightly above the national average. In the latest quarter, Dexter's appreciation rate has been 1.49%, which annualizes to a rate of 6.11%.
Relative to Michigan, our data show that Dexter'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 Dexter differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dexter - 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 Dexter real estate investment or home purchase decisions.
$461,686
$2,199 / per month