According to statistics, the population in Benton Harbor, MI amounts to 9,944, which shows decline 0% compared to the previous year. The median age of the city’s residents is 32. The average household income is $20,157, shifting growth 6% from the past year, and the average property value in Benton Harbor, MI growth 14% to $56,200 throughout the year.
|Number Of Employees||3,398|
|Median Property Value||$56,200|
The average household income in Benton Harbor, MI grew from $18,962 to $20,157 in the past year. This data is an estimate based upon 4,043 households in Benton Harbor, MI . The chart below presents how household income is distributed in Benton Harbor, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Benton Harbor, MI shifted from $49,200 to $56,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Benton Harbor, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Benton Harbor, MI properties falls in the '$35,000 to $39,999' 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 Benton Harbor, MI compared to median property taxes around the country. The prevalent amount of property taxes in Benton Harbor, MI equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$55,868||+34.6%|
|2 bed for sale||$125,760||+51.6%|
|3 bed for sale||$165,500||+10%|
|4+ bed for sale||$186,260||-12.7%|
During Jul 2022, the average price for an apartment in/near Benton Harbor, MI decreased by 4.4% to $147,019.
Asking price for 2-bed apartment also increased by 51.6% and a place of this size will now cost you $125,760. A 3-bed apartment goes for $165,500, it increased by 10% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 12.7% and made it down to $186,260.
|Listing Type||Jul||vs Last Month|
|Other for sale||$590,240||N/A|
|Houses for sale||$154,652||+16.5%|
|Duplexes for sale||$89,950||N/A|
|Land for sale||$24,900||-87.5%|
Price reports demonstrate that house price increased by 16.5% this month making it up to $154,652. An average value of duplex is $89,950, thus a median price for a duplex remains the same this month.