NeighborhoodScout's data show that during the latest twelve months, Adrian's appreciation rate, at 16.04%, has been at or slightly above the national average. This equates to an annual average Adrian house appreciation rate of 6.23%. The cumulative appreciation rate over the ten years has been 83.02%, which ranks in the top 40% nationwide. Adrian Home Appreciation RatesĪppreciation rates for homes in Adrian have been tracking above average for the last ten years, according to NeighborhoodScout data. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. Left unchecked, vacant Adrian homes and apartments can be a drag on the real estate market, holding Adrian real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Fully 11.18% of the housing stock is classified as vacant. Vacant housing appears to be an issue in Adrian. There's also some housing in Adrian built between 2000 and later ( 9.34%). Other housing ages represented in Adrian include homes built between 1970-1999 ( 29.88%) and housing constructed before 1939 ( 28.20%). A full 32.58% of the city's housing hails from this era. Adrian's housing was primarily built during this period, from the '40s through the '60s. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. The city has a mixture of owners and renters, with 48.08% owning and 51.92% renting.Īt the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. The most prevalent building size and type in Adrian are three and four bedroom dwellings, chiefly found in single-family detached homes. Other types of housing that are prevalent in Adrian include large apartment complexes or high rise apartments ( 20.90%), duplexes, homes converted to apartments or other small apartment buildings ( 14.22%), and a few mobile homes or trailers ( 9.50%). Single-family detached homes are the single most common housing type in Adrian, accounting for 53.73% of the city's housing units. With a population of 20,645, 8,016 total housing units (homes and apartments), and a median house value of $141,836, house prices in Adrian are some of the most affordable in Michigan as well as the nation.

Adrian college housing