Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
172 Adrian, MI 49221, USA apartments for sale
Adrian
According to statistics, the population in Adrian, MI amounts to 20,743, which shows decline 0% compared to the previous year. The median age of the city’s residents is 34. The average household income is $36,336, shifting growth 7% from the past year, and the average property value in Adrian, MI growth 6% to $73,700 throughout the year.
| Population | 20,743 |
| Median Age | 33.6 |
| Poverty Rate | 26% |
| Household Income | $36,336 |
| Number Of Employees | 8,912 |
| Median Property Value | $73,700 |
Household Income
The average household income in Adrian, MI grew from $33,921 to $36,336 in the past year. This data is an estimate based upon 7,741 households in Adrian, MI . The chart below presents how household income is distributed in Adrian, MI in comparison to the revenue allocation amid households nationally.
- USA
- Adrian, MI
Property Value
According to data from last year, the average property value in Adrian, MI shifted from $69,300 to $73,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Adrian, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Adrian, MI properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
- USA
- Adrian, MI
Rent vs. Own
- Rent56%
- Own44%
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 Adrian, MI compared to median property taxes around the country. The prevalent amount of property taxes in Adrian, MI equals $1150, which is less than the national average.
- USA
- Adrian, MI
Housing Trends
Adrian, MI 49221, USA Housing Trends
Average sale in Adrian: $158,729 (+7.8%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 2 bed apartments | $100,120 | -9.5% |
| 3 bed apartments | $140,633 | +11.9% |
| 4+ bed apartments | $332,399 | +80.2% |
During Sep 2021, the average price for an apartment in/near Adrian, MI increased by 7.8% to $158,729.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $100,120. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $140,633. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $332,399 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $108,650 | -33.1% |
| Condos for sale | $279,900 | N/A |
| Apartments for sale | $192,116 | +44.1% |
While assessing the property pricing Adrian, MI, you can note that it remains flat with a price tag of $192,116. According to statistics, average house is still $108,650 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $279,900.
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