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 10,435, 4,183 total housing units (homes and apartments), and a median house value of $538,126, Beverly Hills house prices are not only among the most expensive in Michigan, Beverly Hills 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 Beverly Hills, accounting for 93.57% of the village's housing units. Other types of housing that are prevalent in Beverly Hills include large apartment complexes or high rise apartments ( 3.66%), row houses and other attached homes ( 1.91%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beverly Hills. Owner-occupied housing accounts for 93.11% of Beverly Hills's homes, and 81.94% have either three or four bedrooms, which is average sized relative to America.
At 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. 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. Beverly Hills's housing was primarily built during this period, from the '40s through the '60s. A full 77.73% of the village's housing hails from this era. Other housing ages represented in Beverly Hills include homes built between 1970-1999 ( 15.25%) and housing constructed between 2000 and later ( 3.70%). There's also some housing in Beverly Hills built before 1939 ( 3.32%).
Beverly Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beverly Hills during the period has been just 5.19%, which is lower than 70% of US communities.
Over the last year, Beverly Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Beverly Hills's appreciation rate has been 4.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beverly Hills were at -0.26%, which equates to an annual appreciation rate of -1.02%.
Relative to Michigan, our data show that Beverly Hills's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.
$538,126
for Michigan
for nation
4,183
$3,335 / per month