According to statistics, the population in Interlochen, MI amounts to 467, which shows decline -1% compared to the previous year. The median age of the city’s residents is 36. The average household income is $57,917, shifting growth 38% from the past year, and the average property value in Interlochen, MI growth 8% to $132,000 throughout the year.
|Number Of Employees||213|
|Median Property Value||$132,000|
The average household income in Interlochen, MI grew from $41,979 to $57,917 in the past year. This data is an estimate based upon 175 households in Interlochen, MI . The chart below presents how household income is distributed in Interlochen, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Interlochen, MI shifted from $122,000 to $132,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Interlochen, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Interlochen, MI properties falls in the '$125,000 to $149,999' 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 Interlochen, MI compared to median property taxes around the country. The prevalent amount of property taxes in Interlochen, MI equals $1750, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Interlochen, MI decreased by 3.3% to $292,483.
Asking price for 2-bed apartment also decreased by 53.3% and a place of this size will now cost you $214,333. A 3-bed apartment goes for $407,980, it increased by 11.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 46.7% and made it down to $399,450.
Price reports demonstrate that house price decreased by 14% this month making it up to $357,422. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $410,500. The price statistics of lofts have not significantly changed, it now still goes for $265,000.