According to statistics, the population in Bay Minette, AL amounts to 8,990, which shows decline 0% compared to the previous year. The median age of the city’s residents is 33. The average household income is $31,310, shifting decline -3% from the past year, and the average property value in Bay Minette, AL growth 2% to $121,400 throughout the year.
|Number Of Employees||3,037|
|Median Property Value||$121,400|
The average household income in Bay Minette, AL declined from $32,341 to $31,310 in the past year. This data is an estimate based upon 2,764 households in Bay Minette, AL . The chart below presents how household income is distributed in Bay Minette, AL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Bay Minette, AL shifted from $119,400 to $121,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bay Minette, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bay Minette, AL properties falls in the '$100,000 to $124,999' range, which is higher 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 Bay Minette, AL compared to median property taxes around the country. The prevalent amount of property taxes in Bay Minette, AL equals $800, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed for sale||$151,200||-23.6%|
|3 bed for sale||$337,092||+55%|
|4+ bed for sale||$82,292||-69.7%|
During Aug 2022, the average price for an apartment in/near Bay Minette, AL decreased by 36.3% to $152,646.
Asking price for 2-bed apartment also decreased by 23.6% and a place of this size will now cost you $151,200. A 3-bed apartment goes for $337,092, it increased by 55% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 69.7% and made it down to $82,292.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$275,595||+40.3%|
|Land for sale||$73,324||-78.2%|
Price reports demonstrate that house price increased by 40.3% this month making it up to $275,595.