According to statistics, the population in Lowell, MA amounts to 110,964, which shows decline 1% compared to the previous year. The median age of the city’s residents is 33. The average household income is $48,581, shifting growth 3% from the past year, and the average property value in Lowell, MA growth 3% to $240,500 throughout the year.
|Number Of Employees||53,075|
|Median Property Value||$240,500|
The average household income in Lowell, MA grew from $46,972 to $48,581 in the past year. This data is an estimate based upon 38,965 households in Lowell, MA . The chart below presents how household income is distributed in Lowell, MA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Lowell, MA shifted from $234,100 to $240,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lowell, MA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lowell, MA properties falls in the '$200,000 to $249,999' 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 Lowell, MA compared to median property taxes around the country. The prevalent amount of property taxes in Lowell, MA equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Lowell, MA decreased by 2.2% to $488,982.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 46.5% to $201,633. Asking price for 2-bed apartment also decreased by 2.6% and a place of this size will now cost you $357,135. A 3-bed apartment goes for $406,752, it decreased by 7.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 4.1% and made it down to $574,077.
Price reports demonstrate that house price decreased by 8% this month making it up to $513,624. Condos faced an upward trend these days. The median price for a condo decreased by 1.6%, it’s now available for $328,572. You can now purchase a duplex for just $605,979, duplex price increased by 12.6% this month. The price statistics of lofts have not significantly changed, it now still goes for $475,000. Value of the townhouses didn’t change, the price still starts at $625,000.