According to statistics, the population in Big Rapids, MI amounts to 10,413, which shows decline -1% compared to the previous year. The median age of the city’s residents is 22. The average household income is $24,760, shifting decline 1% from the past year, and the average property value in Big Rapids, MI growth 4% to $91,500 throughout the year.
|Number Of Employees||4,590|
|Median Property Value||$91,500|
The average household income in Big Rapids, MI grew from $24,524 to $24,760 in the past year. This data is an estimate based upon 3,028 households in Big Rapids, MI . The chart below presents how household income is distributed in Big Rapids, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Big Rapids, MI shifted from $88,400 to $91,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Big Rapids, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Big Rapids, MI properties falls in the '$100,000 to $124,999' 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 Rapids, MI compared to median property taxes around the country. The prevalent amount of property taxes in Big Rapids, MI equals $1750, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Big Rapids, MI increased by 30.7% to $202,962.
Asking price for 2-bed apartment also increased by 7.9% and a place of this size will now cost you $105,700. A 3-bed apartment goes for $212,133, it decreased by 5.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 33.9% and made it up to $328,025.