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.
During Nov 2022, the average price for an apartment in/near Detroit Lakes, MN decreased by 10.6% to $371,216.
Asking price for 2-bed apartment also decreased by 7.3% and a place of this size will now cost you $242,933. A 3-bed apartment goes for $226,950, it decreased by 50.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 57.7% and made it up to $895,666.
While assessing the property pricing Detroit Lakes, MN, you can note that it remains flat with a price tag of $485,500. Price reports demonstrate that house price increased by 7.1% this month making it up to $432,360. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $209,000.