Median price for residential apartments in Ada, MN as of Nov, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
7 Ada, MN 56510, USA apartments for sale
Ada
According to statistics, the population in Ada, MN amounts to 1,795, which shows growth 4% compared to the previous year. The median age of the city’s residents is 39. The average household income is $48,077, shifting growth 22% from the past year, and the average property value in Ada, MN growth 4% to $76,700 throughout the year.
| Population | 1,795 |
| Median Age | 39.4 |
| Poverty Rate | 11% |
| Household Income | $48,077 |
| Number Of Employees | 794 |
| Median Property Value | $76,700 |
Household Income
The average household income in Ada, MN grew from $39,464 to $48,077 in the past year. This data is an estimate based upon 694 households in Ada, MN . The chart below presents how household income is distributed in Ada, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Ada, MN shifted from $73,600 to $76,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Ada, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Ada, MN properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Ada, MN compared to median property taxes around the country. The prevalent amount of property taxes in Ada, MN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Ada, MN 56510, USA
Average apartment sale in Ada: $129,950 (-36.1%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| 1-bed apartments | $50,000 | N/A |
| 2-bed apartments | $119,900 | +704.7% |
| 3-bed apartments | $225,000 | +7.1% |
| 4+ bed apartments | $124,900 | -67.6% |
During Nov 2022, the average price for an apartment in/near Ada, MN decreased by 36.1% to $129,950.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $50,000 with no changes this month. Asking price for 2-bed apartment also increased by 704.7% and a place of this size will now cost you $119,900. A 3-bed apartment goes for $225,000, it increased by 7.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 67.6% and made it down to $124,900.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $129,950 | -36.1% |
Price reports demonstrate that house price decreased by 36.1% this month making it up to $129,950.