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 5,712, 2,558 total housing units (homes and apartments), and a median house value of $292,311, Dundee 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 Dundee, accounting for 53.18% of the village's housing units. Other types of housing that are prevalent in Dundee include large apartment complexes or high rise apartments ( 28.27%), mobile homes or trailers ( 11.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.71%).
The most prevalent building size and type in Dundee are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.48% owning and 37.52% renting.
Dundee homes and real estate are some of the newest in America. 51.09% of Dundee'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 Dundee real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.71%), and before 1939 ( 13.40%). There's also some housing in Dundee built between 1940-1969 ( 12.81%).
Appreciation rates for homes in Dundee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.36%, which ranks in the top 50% nationwide. This equates to an annual average Dundee house appreciation rate of 6.76%.
Over the last year, Dundee appreciation rates have trailed the rest of the nation. In the last twelve months, Dundee's appreciation rate has been -3.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dundee were at -1.11%, which equates to an annual appreciation rate of -4.36%.
Notably, Dundee's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Michigan, our data show that Dundee's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.
$292,311
for Michigan
for nation
2,558
$1,492 / per month