Median price for residential in as of Apr, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
43 Chelsea, MI 48118, USA apartments for sale
Chelsea
According to statistics, the population in Chelsea, MI amounts to 5,169, which shows decline 1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $70,938, shifting growth 5% from the past year, and the average property value in Chelsea, MI growth 5% to $202,100 throughout the year.
| Population | 5,169 |
| Median Age | 40.6 |
| Poverty Rate | 3% |
| Household Income | $70,938 |
| Number Of Employees | 2,322 |
| Median Property Value | $202,100 |
Household Income
The average household income in Chelsea, MI grew from $67,500 to $70,938 in the past year. This data is an estimate based upon 2,160 households in Chelsea, MI . The chart below presents how household income is distributed in Chelsea, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Chelsea, MI shifted from $193,100 to $202,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chelsea, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chelsea, MI properties falls in the '$200,000 to $249,999' 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 Chelsea, MI compared to median property taxes around the country. The prevalent amount of property taxes in Chelsea, MI equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Chelsea, MI 48118, USA
Average sale in Chelsea: $382,174 (-4.1%)
| Apartment Size | Apr | vs Last Month |
|---|---|---|
| 2 bed for sale | $221,297 | -15.3% |
| 3 bed for sale | $359,775 | +1.6% |
| 4+ bed for sale | $514,540 | -15.9% |
During Apr 2022, the average price for an apartment in/near Chelsea, MI decreased by 4.1% to $382,174.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $221,297. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $359,775. 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 $514,540 for a big-family home.
| Listing Type | Apr | vs Last Month |
|---|---|---|
| Condos for sale | $229,900 | -26.6% |
| Houses for sale | $392,326 | -21.2% |
According to statistics, average house is still $392,326 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $229,900.
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