According to statistics, the population in Frankenmuth, MI amounts to 5,038, which shows decline 1% compared to the previous year. The median age of the city’s residents is 51. The average household income is $49,828, shifting growth 5% from the past year, and the average property value in Frankenmuth, MI growth 5% to $170,700 throughout the year.
|Number Of Employees||2,168|
|Median Property Value||$170,700|
The average household income in Frankenmuth, MI grew from $47,674 to $49,828 in the past year. This data is an estimate based upon 2,286 households in Frankenmuth, MI . The chart below presents how household income is distributed in Frankenmuth, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Frankenmuth, MI shifted from $163,200 to $170,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Frankenmuth, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Frankenmuth, MI 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 Frankenmuth, MI compared to median property taxes around the country. The prevalent amount of property taxes in Frankenmuth, MI equals $2500, which is less than the national average.
|Apartment Size||Oct||vs Last Month|
During Oct 2022, the average price for an apartment in/near Frankenmuth, MI remained flat at $148,000.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $148,000.
|Listing Type||Oct||vs Last Month|
|Houses for sale||$148,000||N/A|
According to statistics, average house is still $148,000 with no significant changes this month.