Median price for residential apartments in Bear Lake, MI as of Oct, 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.
2 Bear Lake, MI 49614, USA apartments for sale
Bear Lake
According to statistics, the population in Bear Lake, MI amounts to 422, which shows growth 7% compared to the previous year. The median age of the city’s residents is 58. The average household income is $39,000, shifting decline -2% from the past year, and the average property value in Bear Lake, MI growth 6% to $105,700 throughout the year.
| Population | 422 |
| Median Age | 57.6 |
| Poverty Rate | 14% |
| Household Income | $39,000 |
| Number Of Employees | 136 |
| Median Property Value | $105,700 |
Household Income
The average household income in Bear Lake, MI declined from $39,688 to $39,000 in the past year. This data is an estimate based upon 190 households in Bear Lake, MI . The chart below presents how household income is distributed in Bear Lake, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bear Lake, MI shifted from $99,800 to $105,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bear Lake, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bear Lake, MI properties falls in the '$100,000 to $124,999' 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 Bear Lake, MI compared to median property taxes around the country. The prevalent amount of property taxes in Bear Lake, MI equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Bear Lake, MI 49614, USA
Average apartment sale in Bear Lake: $126,250 (-0%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $92,600 | N/A |
| 3-bed apartments | $199,000 | N/A |
| 4+ bed apartments | $174,000 | N/A |
During Oct 2022, the average price for an apartment in/near Bear Lake, MI remained flat at $126,250.
Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $199,000. 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 $174,000 for a big-family home.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Houses for sale | $186,750 | N/A |
| Land for sale | $65,750 | N/A |
According to statistics, average house is still $186,750 with no significant changes this month.