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 5,671, 2,543 total housing units (homes and apartments), and a median house value of $339,908, Zeeland real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Zeeland, accounting for 52.67% of the city's housing units. Other types of housing that are prevalent in Zeeland include duplexes, homes converted to apartments or other small apartment buildings ( 26.92%), large apartment complexes or high rise apartments ( 13.82%), and a few row houses and other attached homes ( 6.59%).
The most prevalent building size and type in Zeeland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.43% owning and 37.57% renting.
There is a lot of housing in Zeeland 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 Zeeland built between 1940-1969 ( 28.71%). A lesser amount of the housing stock also hails from before 1939 ( 20.22%). There's also some housing in Zeeland built between 2000 and later ( 4.65%).
In the last 10 years, Zeeland has experienced some of the highest home appreciation rates of any community in the nation. Zeeland real estate appreciated 126.23% over the last ten years, which is an average annual home appreciation rate of 8.51%, putting Zeeland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Zeeland 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, Zeeland's appreciation rate, at 6.62%, has been at or slightly above the national average. In the latest quarter, Zeeland's appreciation rate has been 3.40%, which annualizes to a rate of 14.32%.
Importantly, this makes Zeeland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Zeeland'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 Zeeland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Zeeland - 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 Zeeland real estate investment or home purchase decisions.
$339,908
for Michigan
for nation
2,543
$1,503 / per month