Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
31 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.
- USA
- Boyne City, MI
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.
- USA
- Boyne City, MI
Rent vs. Own
- Rent69%
- Own31%
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.
- USA
- Boyne City, MI
Housing Trends
Boyne City, MI 49712, USA Housing Trends
Average sale in Boyne City: $399,900 (+50.6%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 3 bed apartments | $399,900 | +93.6% |
| 4+ bed apartments | $354,000 | N/A |
During Sep 2021, the average price for an apartment in/near Boyne City, MI increased by 50.6% to $399,900.
Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $399,900. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $354,000 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $227,400 | N/A |
| Apartments for sale | $290,966 | N/A |
| Lofts for sale | $399,900 | N/A |
While assessing the property pricing Boyne City, MI, you can note that it remains flat with a price tag of $290,966. According to statistics, average house is still $227,400 with no significant changes this month. The price statistics of lofts have not significantly changed, it now still goes for $399,900.
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