According to statistics, the population in Albion, MI amounts to 8,263, which shows decline 0% compared to the previous year. The median age of the city’s residents is 29. The average household income is $29,457, shifting growth 3% from the past year, and the average property value in Albion, MI decline -1% to $56,500 throughout the year.
|Number Of Employees||3,180|
|Median Property Value||$56,500|
The average household income in Albion, MI grew from $28,494 to $29,457 in the past year. This data is an estimate based upon 2,940 households in Albion, MI . The chart below presents how household income is distributed in Albion, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Albion, MI shifted from $56,900 to $56,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Albion, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Albion, MI properties falls in the '$50,000 to $59,999' 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 Albion, MI compared to median property taxes around the country. The prevalent amount of property taxes in Albion, MI equals $1150, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Albion, MI decreased by 12.6% to $100,166.
Asking price for 2-bed apartment also decreased by 9.9% and a place of this size will now cost you $104,527. A 3-bed apartment goes for $98,862, it increased by 20.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 36.9% and made it down to $96,490.
Price reports demonstrate that house price decreased by 14.9% this month making it up to $101,249. An average value of duplex is $85,000, thus a median price for a duplex remains the same this month.