Median price for residential apartments in Beverly Hills, MI as of Nov, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
44 Beverly Hills, MI 48025, USA apartments for sale
Beverly Hills
According to statistics, the population in Beverly Hills, MI amounts to 10,424, which shows decline 0% compared to the previous year. The median age of the city’s residents is 45. The average household income is $111,765, shifting growth 3% from the past year, and the average property value in Beverly Hills, MI growth 7% to $341,500 throughout the year.
| Population | 10,424 |
| Median Age | 44.8 |
| Poverty Rate | 2% |
| Household Income | $111,765 |
| Number Of Employees | 5,419 |
| Median Property Value | $341,500 |
Household Income
The average household income in Beverly Hills, MI grew from $108,214 to $111,765 in the past year. This data is an estimate based upon 4,142 households in Beverly Hills, MI . The chart below presents how household income is distributed in Beverly Hills, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Beverly Hills, MI shifted from $320,200 to $341,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Beverly Hills, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Beverly Hills, MI properties falls in the '$300,000 to $399,999' range, which is higher 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 Beverly Hills, MI compared to median property taxes around the country. The prevalent amount of property taxes in Beverly Hills, MI equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Beverly Hills, MI 48025, USA
Average apartment sale in Beverly Hills: $523,338 (+2.3%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $217,721 | -68.9% |
| 2-bed apartments | $419,916 | N/A |
| 3-bed apartments | $391,132 | -0.4% |
| 4+ bed apartments | $686,173 | +8.1% |
During Nov 2022, the average price for an apartment in/near Beverly Hills, MI increased by 2.3% to $523,338.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $419,916. A 3-bed apartment goes for $391,132, it decreased by 0.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 8.1% and made it up to $686,173.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $563,111 | +9.9% |
| Condos for sale | $450,000 | +50% |
| Land for sale | $217,721 | -68.9% |
Price reports demonstrate that house price increased by 9.9% this month making it up to $563,111. Condos are really in demand in this season. The median price for a condo increased by 50%, it’s now available for $450,000.