According to statistics, the population in Blaine, MN amounts to 62,453, which shows growth 2% compared to the previous year. The median age of the city’s residents is 37. The average household income is $80,423, shifting decline 1% from the past year, and the average property value in Blaine, MN growth 7% to $202,000 throughout the year.
|Number Of Employees||34,171|
|Median Property Value||$202,000|
The average household income in Blaine, MN grew from $79,915 to $80,423 in the past year. This data is an estimate based upon 22,922 households in Blaine, MN . The chart below presents how household income is distributed in Blaine, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Blaine, MN shifted from $189,100 to $202,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Blaine, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Blaine, MN properties falls in the '$200,000 to $249,999' 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 Blaine, MN compared to median property taxes around the country. The prevalent amount of property taxes in Blaine, MN equals $2500, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$134,900||N/A|
|1 bed for sale||$598,500||N/A|
|2 bed for sale||$325,280||+7.8%|
|3 bed for sale||$408,556||+5.1%|
|4+ bed for sale||$507,824||+8.4%|
During Jul 2022, the average price for an apartment in/near Blaine, MN increased by 9.1% to $440,188.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $598,500 with no changes this month. Asking price for 2-bed apartment also increased by 7.8% and a place of this size will now cost you $325,280. A 3-bed apartment goes for $408,556, it increased by 5.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 8.4% and made it up to $507,824.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$276,115||-19.2%|
|Apartments for sale||$134,900||N/A|
|Condos for sale||$362,908||+2.3%|
|Houses for sale||$475,875||+6.5%|
|Land for sale||$138,930||N/A|
While assessing the property pricing Blaine, MN, you can note that it remains flat with a price tag of $134,900. Price reports demonstrate that house price increased by 6.5% this month making it up to $475,875. Condos are really in demand in this season. The median price for a condo increased by 2.3%, it’s now available for $362,908. The property value of townhouses decreased by 19.2%, you’ll have to spend around $276,115 to get one.