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 3,860 people, 1,551 houses or apartments, and a median cost of homes of $306,333, Vicksburg real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Vicksburg, accounting for 80.05% of the village's housing units. Other types of housing that are prevalent in Vicksburg include duplexes, homes converted to apartments or other small apartment buildings ( 10.52%), large apartment complexes or high rise apartments ( 9.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vicksburg. Owner-occupied housing accounts for 72.34% of Vicksburg's homes, and 64.34% have either three or four bedrooms, which is average sized relative to America.
Vicksburg homes and real estate are some of the newest in America. 34.57% of Vicksburg's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Vicksburg real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.94%), and before 1939 ( 25.02%). There's also some housing in Vicksburg built between 1940-1969 ( 13.47%).
Appreciation rates for homes in Vicksburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.02%, which ranks in the top 50% nationwide. This equates to an annual average Vicksburg house appreciation rate of 6.85%.
Over the last year, Vicksburg appreciation rates have trailed the rest of the nation. In the last twelve months, Vicksburg's appreciation rate has been 5.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vicksburg were at 1.63%, which equates to an annual appreciation rate of 6.69%.
Relative to Michigan, our data show that Vicksburg's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.
$306,333
for Michigan
for nation
1,551
$1,319 / per month