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 1,002 people, 464 houses or apartments, and a median cost of homes of $277,706, Northville 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 Northville, accounting for 64.16% of the village's housing units. Other types of housing that are prevalent in Northville include duplexes, homes converted to apartments or other small apartment buildings ( 29.87%), large apartment complexes or high rise apartments ( 4.05%), and a few mobile homes or trailers ( 1.93%).
People in Northville primarily live in small (one, two or no bedroom) single-family detached homes. Northville has a mixture of owner-occupied and renter-occupied housing.
The housing in Northville was primarily built before 1939 ( 36.99%), making the housing stock in Northville some of the oldest overall in America, although there is a range of ages of homes in Northville. The next most important housing age is between 1940-1969 ( 36.03%), followed by between 1970-1999 ( 22.93%). There's also some housing in Northville built between 2000 and later ( 4.05%).
Vacant housing appears to be an issue in Northville. Fully 10.60% of the housing stock is classified as vacant. Left unchecked, vacant Northville homes and apartments can be a drag on the real estate market, holding Northville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Northville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.55%, which ranks in the top 50% nationwide. This equates to an annual average Northville house appreciation rate of 6.55%.
NeighborhoodScout's data show that during the latest twelve months, Northville's appreciation rate, at 5.63%, has been at or slightly above the national average. In the latest quarter, Northville's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.
Notably, Northville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Northville's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$277,706
for New york
for nation
464
$1,245 / per month