Median price for residential apartment in Berkley, MI as of Sept, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
64 Berkley, MI, USA apartments for sale
Berkley
According to statistics, the population in Berkley, MI amounts to 15,269, which shows decline 0% compared to the previous year. The median age of the city’s residents is 37. The average household income is $77,772, shifting growth 5% from the past year, and the average property value in Berkley, MI growth 8% to $172,800 throughout the year.
| Population | 15,269 |
| Median Age | 37.3 |
| Poverty Rate | 6% |
| Household Income | $77,772 |
| Number Of Employees | 8,931 |
| Median Property Value | $172,800 |
Household Income
The average household income in Berkley, MI grew from $74,172 to $77,772 in the past year. This data is an estimate based upon 6,504 households in Berkley, MI . The chart below presents how household income is distributed in Berkley, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Berkley, MI shifted from $159,400 to $172,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Berkley, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Berkley, MI properties falls in the '$150,000 to $174,999' 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 Berkley, MI compared to median property taxes around the country. The prevalent amount of property taxes in Berkley, MI equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in Berkley, MI, USA
Average sale in Berkley: $328,965 (-3%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 2 bed for sale | $218,283 | -21.1% |
| 3 bed for sale | $353,103 | +7% |
| 4+ bed for sale | $355,580 | -6.5% |
During Sep 2022, the average price for an apartment in/near Berkley, MI decreased by 3% to $328,965.
Asking price for 2-bed apartment also decreased by 21.1% and a place of this size will now cost you $218,283. A 3-bed apartment goes for $353,103, it increased by 7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 6.5% and made it down to $355,580.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $326,902 | -2.9% |
| Condos for sale | $395,000 | -12.2% |
Price reports demonstrate that house price decreased by 2.9% this month making it up to $326,902. Condos faced an upward trend these days. The median price for a condo decreased by 12.2%, it’s now available for $395,000.