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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.



Gladstone, 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

Gladstone, MI Housing Market Trends

With 5,239 people, 1,994 houses or apartments, and a median cost of homes of $164,285, house prices in Gladstone are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Gladstone, accounting for 75.39% of the city's housing units. Other types of housing that are prevalent in Gladstone include large apartment complexes or high rise apartments ( 11.75%), mobile homes or trailers ( 7.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gladstone. Owner-occupied housing accounts for 71.29% of Gladstone's homes, and 56.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gladstone built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gladstone built before 1939 ( 30.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.37%). There's also some housing in Gladstone built between 2000 and later ( 11.66%).

Vacant housing appears to be an issue in Gladstone. Fully 11.26% of the housing stock is classified as vacant. Left unchecked, vacant Gladstone homes and apartments can be a drag on the real estate market, holding Gladstone 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.

Gladstone Home Appreciation Rates

Real estate appreciation rates in Gladstone's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.08% during the period.

Appreciation rates are so strong in Gladstone that despite a nationwide downturn in the housing market, Gladstone real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gladstone appreciation rates continue to be some of the highest in America, at 10.35%, which is higher than appreciation rates in 88.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gladstone. Gladstone appreciation rates in the latest quarter were at 0.88%, which equates to an annual appreciation rate of 3.56%.

Relative to Michigan, our data show that Gladstone's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$164,285

Gladstone, MI Home Prices
> $1,481,000
$1,111,001 - $1,481,000
$741,001 - $1,111,000
$593,001 - $741,000
$444,001 - $593,000
$296,001 - $444,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
0.0%
0.0%
0.9%
0.9%
0.3%
0.3%
1.4%
1.4%
5.1%
5.1%
12.4%
12.4%
39.9%
39.9%
29.1%
29.1%
10.9%
10.9%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

1,994

Gladstone Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,234 / per month

Homeownership Rate

Owners
Renters
71.3%
71.3%
28.7%
28.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.3%
11.3%
88.7%
88.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.7%
11.7%
32.0%
32.0%
25.4%
25.4%
30.9%
30.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.4%
75.4%
2.3%
2.3%
2.8%
2.8%
11.7%
11.7%
7.8%
7.8%
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
2.7%
2.7%
8.9%
8.9%
27.4%
27.4%
39.0%
39.0%
17.0%
17.0%
5.0%
5.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Gladstone

Popular Communities Near Gladstone, MI

Zip Codes in Gladstone, MI