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.
|Number Of Employees||8,912|
|Median Property Value||$73,700|
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.
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.
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.
During Oct 2022, the average price for an apartment in/near Adrian, MI decreased by 1% to $167,551.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $132,000 with no changes this month. Asking price for 2-bed apartment also increased by 5.5% and a place of this size will now cost you $130,742. A 3-bed apartment goes for $194,735, it increased by 2.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 3.8% and made it down to $204,215.
While assessing the property pricing Adrian, MI, you can note that it remains flat with a price tag of $149,000. Price reports demonstrate that house price decreased by 7.5% this month making it up to $181,962. Condos are really in demand in this season. The median price for a condo increased by 126.4%, it’s now available for $217,333. An average value of duplex is $128,000, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it increased by 224.5%, the price tag now starts at $429,000. Value of the townhouses didn’t change, the price still starts at $177,500.