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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



New Hudson, MI Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

New Hudson, MI Housing Market Trends

With 13,710 people, 4,449 houses or apartments, and a median cost of homes of $620,253, New Hudson house prices are not only among the most expensive in Michigan, New Hudson real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in New Hudson, accounting for 71.95% of the town's housing units. Other types of housing that are prevalent in New Hudson include large apartment complexes or high rise apartments ( 12.80%), mobile homes or trailers ( 10.26%), and a few row houses and other attached homes ( 3.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Hudson. Owner-occupied housing accounts for 83.71% of New Hudson's homes, and 75.26% have either three or four bedrooms, which is average sized relative to America.

New Hudson homes and real estate are some of the newest in America. 49.83% of New Hudson's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New Hudson real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.91%), and between 1940-1969 ( 8.80%). There's also some housing in New Hudson built before 1939 ( 1.46%).

New Hudson Home Appreciation Rates

Appreciation rates for homes in New Hudson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.18%, which ranks in the top 50% nationwide. This equates to an annual average New Hudson house appreciation rate of 6.70%.

NeighborhoodScout's data show that during the latest twelve months, New Hudson's appreciation rate, at 7.43%, has been at or slightly above the national average. In the latest quarter, New Hudson's appreciation rate has been 1.70%, which annualizes to a rate of 6.96%.

Relative to Michigan, our data show that New Hudson's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$620,253

New Hudson, MI Home Prices
> $1,411,000
$1,058,001 - $1,411,000
$705,001 - $1,058,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.0%
0.0%
0.4%
0.4%
19.6%
19.6%
32.2%
32.2%
16.9%
16.9%
21.2%
21.2%
2.7%
2.7%
1.0%
1.0%
5.9%
5.9%
0% 100.0%
% of Homes
Very High

for Michigan

Very High

for nation

Number of Homes And Apartments:

4,449

New Hudson Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,996 / per month

Homeownership Rate

Owners
Renters
83.7%
83.7%
16.3%
16.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
49.8%
49.8%
39.9%
39.9%
8.8%
8.8%
1.5%
1.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.9%
71.9%
3.0%
3.0%
2.0%
2.0%
12.8%
12.8%
10.3%
10.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
8.2%
8.2%
13.5%
13.5%
42.7%
42.7%
32.6%
32.6%
3.1%
3.1%
0% 100.0%
% of Homes

Popular Neighborhoods in New Hudson

Zip Codes in New Hudson, MI