Median price for residential apartments in Boyne City, 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 Boyne City, MI 49712, USA apartments for sale
Boyne City
According to statistics, the population in Boyne City, MI amounts to 3,747, which shows decline 0% compared to the previous year. The median age of the city’s residents is 43. The average household income is $50,956, shifting growth 12% from the past year, and the average property value in Boyne City, MI decline -1% to $129,500 throughout the year.
| Population | 3,747 |
| Median Age | 42.5 |
| Poverty Rate | 13% |
| Household Income | $50,956 |
| Number Of Employees | 1,729 |
| Median Property Value | $129,500 |
Household Income
The average household income in Boyne City, MI grew from $45,357 to $50,956 in the past year. This data is an estimate based upon 1,629 households in Boyne City, MI . The chart below presents how household income is distributed in Boyne City, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Boyne City, MI shifted from $131,000 to $129,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Boyne City, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Boyne City, MI properties falls in the '$100,000 to $124,999' 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 Boyne City, MI compared to median property taxes around the country. The prevalent amount of property taxes in Boyne City, MI equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Boyne City, MI 49712, USA
Average apartment sale in Boyne City: $195,772 (-11.5%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $45,923 | -5.6% |
| 2-bed apartments | $173,110 | +13.6% |
| 3-bed apartments | $277,255 | +9.1% |
| 4+ bed apartments | $940,433 | +34.7% |
During Nov 2022, the average price for an apartment in/near Boyne City, MI decreased by 11.5% to $195,772.
Asking price for 2-bed apartment also increased by 13.6% and a place of this size will now cost you $173,110. A 3-bed apartment goes for $277,255, it increased by 9.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 34.7% and made it up to $940,433.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $366,957 | +47.8% |
| Lofts for sale | $769,000 | -1.9% |
| Land for sale | $45,750 | -4.3% |
| Apartments for sale | $54,900 | N/A |
While assessing the property pricing Boyne City, MI, you can note that it remains flat with a price tag of $54,900. Price reports demonstrate that house price increased by 47.8% this month making it up to $366,957. The price dynamics of lofts changed, it decreased by 1.9%, the price tag now starts at $769,000.