According to statistics, the population in Ludington, MI amounts to 8,047, which shows decline 0% compared to the previous year. The median age of the city’s residents is 45. The average household income is $38,325, shifting growth 7% from the past year, and the average property value in Ludington, MI growth 3% to $114,400 throughout the year.
|Number Of Employees||3,301|
|Median Property Value||$114,400|
The average household income in Ludington, MI grew from $35,972 to $38,325 in the past year. This data is an estimate based upon 3,582 households in Ludington, MI . The chart below presents how household income is distributed in Ludington, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Ludington, MI shifted from $111,200 to $114,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Ludington, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Ludington, MI properties falls in the '$100,000 to $124,999' 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 Ludington, MI compared to median property taxes around the country. The prevalent amount of property taxes in Ludington, MI equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$67,450||N/A|
|1 bed for sale||$132,500||-54.7%|
|2 bed for sale||$258,276||+1.2%|
|3 bed for sale||$307,757||+25.1%|
|4+ bed for sale||$317,566||+0.6%|
During Aug 2022, the average price for an apartment in/near Ludington, MI increased by 7.2% to $294,360.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 54.7% to $132,500. Asking price for 2-bed apartment also increased by 1.2% and a place of this size will now cost you $258,276. A 3-bed apartment goes for $307,757, it increased by 25.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.6% and made it up to $317,566.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$294,713||+12.6%|
|Condos for sale||$388,560||+4.5%|
|Land for sale||$196,560||+74.8%|
|Other for sale||$289,400||N/A|
Price reports demonstrate that house price increased by 12.6% this month making it up to $294,713. Condos are really in demand in this season. The median price for a condo increased by 4.5%, it’s now available for $388,560.