According to statistics, the population in Belding, MI amounts to 5,730, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $40,905, shifting growth 8% from the past year, and the average property value in Belding, MI growth 9% to $84,500 throughout the year.
|Number Of Employees||2,497|
|Median Property Value||$84,500|
The average household income in Belding, MI grew from $38,000 to $40,905 in the past year. This data is an estimate based upon 2,143 households in Belding, MI . The chart below presents how household income is distributed in Belding, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Belding, MI shifted from $77,700 to $84,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Belding, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Belding, MI properties falls in the '$100,000 to $124,999' 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 Belding, MI compared to median property taxes around the country. The prevalent amount of property taxes in Belding, MI equals $1150, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Belding, MI decreased by 31.6% to $133,459.
Asking price for 2-bed apartment also decreased by 10% and a place of this size will now cost you $143,928. A 3-bed apartment goes for $182,381, it decreased by 27.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 38.6% and made it down to $129,900.
While assessing the property pricing Belding, MI, you can note that it remains flat with a price tag of $129,000. Price reports demonstrate that house price decreased by 28.9% this month making it up to $147,599.