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 10,500 people, 4,511 houses or apartments, and a median cost of homes of $287,326, Comstock Park real estate and house prices are near the national average for all cities and towns.
Large apartment complexes or high rise apartments are the single most common housing type in Comstock Park, accounting for 43.61% of the town's housing units. Other types of housing that are prevalent in Comstock Park include single-family detached homes ( 40.60%), row houses and other attached homes ( 8.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.79%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
People in Comstock Park primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Comstock Park has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Comstock Park 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 Comstock Park built between 1940-1969 ( 23.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.46%). There's also some housing in Comstock Park built before 1939 ( 4.99%).
In the last 10 years, Comstock Park has experienced some of the highest home appreciation rates of any community in the nation. Comstock Park real estate appreciated 119.86% over the last ten years, which is an average annual home appreciation rate of 8.20%, putting Comstock Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Comstock Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Comstock Park appreciation rates have trailed the rest of the nation. In the last twelve months, Comstock Park's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Comstock Park were at 3.40%, which equates to an annual appreciation rate of 14.32%.
Importantly, this makes Comstock Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Michigan, our data show that Comstock Park's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.
$287,326
for Michigan
for nation
4,511
$1,673 / per month