According to statistics, the population in Big Lake, MN amounts to 10,516, which shows growth 1% compared to the previous year. The median age of the city’s residents is 30. The average household income is $72,543, shifting growth 11% from the past year, and the average property value in Big Lake, MN growth 8% to $172,500 throughout the year.
|Number Of Employees||5,623|
|Median Property Value||$172,500|
The average household income in Big Lake, MN grew from $65,131 to $72,543 in the past year. This data is an estimate based upon 3,410 households in Big Lake, MN . The chart below presents how household income is distributed in Big Lake, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Big Lake, MN shifted from $160,100 to $172,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Big Lake, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Big Lake, MN properties falls in the '$175,000 to $199,999' 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 Big Lake, MN compared to median property taxes around the country. The prevalent amount of property taxes in Big Lake, MN equals $2500, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Big Lake, MN decreased by 1.4% to $542,453.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $140,000 with no changes this month. Asking price for 2-bed apartment also decreased by 17.2% and a place of this size will now cost you $205,000. A 3-bed apartment goes for $368,761, it decreased by 13.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 12.3% and made it down to $362,471.
Price reports demonstrate that house price decreased by 12.2% this month making it up to $362,348. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $205,000.