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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.
|Number Of Employees||8,931|
|Median Property Value||$172,800|
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.
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.
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.
|Apartment Size||Aug||vs Last Month|
|2 bed apartments||$172,500||-13.5%|
|3 bed apartments||$273,880||-12.3%|
|4+ bed apartments||$494,900||N/A|
During Aug 2021, the average price for an apartment in/near Berkley, MI decreased by 18.2% to $256,983.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $172,500. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $273,880. 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 $494,900 for a big-family home.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$257,163||-17.1%|
|Condos for sale||$369,900||N/A|
|Lofts for sale||$255,000||N/A|
According to statistics, average house is still $257,163 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $369,900. The price statistics of lofts have not significantly changed, it now still goes for $255,000.
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