According to statistics, the population in Belleville, MI amounts to 3,880, which shows decline 0% compared to the previous year. The median age of the city’s residents is 40. The average household income is $45,223, shifting decline -1% from the past year, and the average property value in Belleville, MI growth 2% to $127,700 throughout the year.
|Number Of Employees||1,655|
|Median Property Value||$127,700|
The average household income in Belleville, MI declined from $45,737 to $45,223 in the past year. This data is an estimate based upon 1,739 households in Belleville, MI . The chart below presents how household income is distributed in Belleville, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Belleville, MI shifted from $124,600 to $127,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Belleville, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Belleville, MI properties falls in the '$150,000 to $174,999' 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 Belleville, MI compared to median property taxes around the country. The prevalent amount of property taxes in Belleville, MI equals $3000, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$219,900||+7.3%|
During February 2023, the average price for an apartment in/near Belleville, MI increased by 0.4% to $225,623.
Knowing the current property prices is key if you plan to buy a studio in Belleville, MI. The average price for a studio has decreased since the last month, currently being $374,975. Asking price for 2-bed apartment also increased by 3.6% and a place of this size will now cost you $147,500. A 3-bed apartment goes for $212,400, it decreased by 4.5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 7.3% and made it up to $219,900.
|Listing Type||Feb||vs Last Month|
|Houses for sale||$214,900||-1.1%|
|Apartments for sale||$104,900||+90.7%|
|Land for sale||$465,000||+0%|
|Condos for sale||$147,500||+3.6%|
The average cost of an apartment in Belleville, MI rised by 90.7% to $104,900. Price reports demonstrate that house price decreased by 1.1% this month making it up to $214,900. Condos are really in demand in this season. The median price for a condo increased by 3.6%, it’s now available for $147,500. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $465,000.