According to statistics, the population in Detroit Lakes, MN amounts to 9,078, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $38,197, shifting growth 3% from the past year, and the average property value in Detroit Lakes, MN growth 3% to $167,000 throughout the year.
|Number Of Employees||4,445|
|Median Property Value||$167,000|
The average household income in Detroit Lakes, MN grew from $37,103 to $38,197 in the past year. This data is an estimate based upon 4,147 households in Detroit Lakes, MN . The chart below presents how household income is distributed in Detroit Lakes, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Detroit Lakes, MN shifted from $162,000 to $167,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Detroit Lakes, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Detroit Lakes, MN properties falls in the '$150,000 to $174,999' 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 Detroit Lakes, MN compared to median property taxes around the country. The prevalent amount of property taxes in Detroit Lakes, MN equals $1150, which is less than the national average.
|Apartment Size||Oct||vs Last Month|
|1 bed for sale||$99,900||N/A|
|2 bed for sale||$256,575||N/A|
|3 bed for sale||$290,587||N/A|
|4+ bed for sale||$231,550||N/A|
During Oct 2021, the average price for an apartment in/near Detroit Lakes, MN increased by 159.1% to $258,807.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $99,900 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $256,575. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $290,587. 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 $231,550 for a big-family home.
|Listing Type||Oct||vs Last Month|
|Houses for sale||$301,550||+201.9%|
|Apartments for sale||$52,266||N/A|
|Lofts for sale||$269,250||N/A|
|Condos for sale||$284,771||N/A|
While assessing the property pricing Detroit Lakes, MN, you can note that it remains flat with a price tag of $52,266. According to statistics, average house is still $301,550 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $284,771. The price statistics of lofts have not significantly changed, it now still goes for $269,250.
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