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.
|Number Of Employees||1,729|
|Median Property Value||$129,500|
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.
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.
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.
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.
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.