Median price for residential apartments in Biwabik, MN 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.
15 Biwabik, MN, USA apartments for sale
Biwabik
According to statistics, the population in Biwabik, MN amounts to 852, which shows decline -4% compared to the previous year. The median age of the city’s residents is 47. The average household income is $33,409, shifting decline -1% from the past year, and the average property value in Biwabik, MN decline -1% to $78,000 throughout the year.
| Population | 852 |
| Median Age | 47.1 |
| Poverty Rate | 15% |
| Household Income | $33,409 |
| Number Of Employees | 303 |
| Median Property Value | $78,000 |
Household Income
The average household income in Biwabik, MN declined from $33,902 to $33,409 in the past year. This data is an estimate based upon 426 households in Biwabik, MN . The chart below presents how household income is distributed in Biwabik, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Biwabik, MN shifted from $78,600 to $78,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Biwabik, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Biwabik, MN properties falls in the '$70,000 to $79,999' 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 Biwabik, MN compared to median property taxes around the country. The prevalent amount of property taxes in Biwabik, MN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Biwabik, MN, USA
Average apartment sale in Biwabik: $134,383 (+23.9%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $90,727 | -2.2% |
| 1-bed apartments | $87,900 | -2.2% |
| 2-bed apartments | $144,000 | N/A |
| 3-bed apartments | $113,180 | +0.9% |
| 4+ bed apartments | $269,900 | -10% |
During Nov 2022, the average price for an apartment in/near Biwabik, MN increased by 23.9% to $134,383.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 2.2% to $87,900. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $144,000. A 3-bed apartment goes for $113,180, it increased by 0.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 10% and made it down to $269,900.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $185,036 | +23.6% |
| Condos for sale | $123,386 | +37.2% |
| Land for sale | $90,727 | -2.2% |
Price reports demonstrate that house price increased by 23.6% this month making it up to $185,036. Condos are really in demand in this season. The median price for a condo increased by 37.2%, it’s now available for $123,386.