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 8,651, 3,790 total housing units (homes and apartments), and a median house value of $234,734, house prices in Tecumseh are solidly below the national average.
Single-family detached homes are the single most common housing type in Tecumseh, accounting for 65.37% of the city's housing units. Other types of housing that are prevalent in Tecumseh include large apartment complexes or high rise apartments ( 14.79%), duplexes, homes converted to apartments or other small apartment buildings ( 12.92%), and a few row houses and other attached homes ( 4.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tecumseh. Owner-occupied housing accounts for 70.69% of Tecumseh's homes, and 56.44% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Tecumseh 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 Tecumseh built between 1940-1969 ( 28.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.04%). There's also some housing in Tecumseh built before 1939 ( 12.19%).
Appreciation rates for homes in Tecumseh have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.09%, which ranks in the top 40% nationwide. This equates to an annual average Tecumseh house appreciation rate of 7.29%.
Over the last year, Tecumseh appreciation rates have trailed the rest of the nation. In the last twelve months, Tecumseh's appreciation rate has been 4.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tecumseh were at 0.88%, which equates to an annual appreciation rate of 3.56%.
Relative to Michigan, our data show that Tecumseh's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.
$234,734
for Michigan
for nation
3,790
$1,489 / per month