Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
197 Michigan City, IN, USA apartments for sale
Michigan City
According to statistics, the population in Michigan City, IN amounts to 31,352, which shows decline 0% compared to the previous year. The median age of the city’s residents is 37. The average household income is $38,631, shifting growth 2% from the past year, and the average property value in Michigan City, IN decline -1% to $89,000 throughout the year.
| Population | 31,352 |
| Median Age | 37.1 |
| Poverty Rate | 25% |
| Household Income | $38,631 |
| Number Of Employees | 12,782 |
| Median Property Value | $89,000 |
Household Income
The average household income in Michigan City, IN grew from $37,742 to $38,631 in the past year. This data is an estimate based upon 12,729 households in Michigan City, IN . The chart below presents how household income is distributed in Michigan City, IN in comparison to the revenue allocation amid households nationally.
- USA
- Michigan City, IN
Property Value
According to data from last year, the average property value in Michigan City, IN shifted from $90,200 to $89,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Michigan City, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Michigan City, IN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
- USA
- Michigan City, IN
Rent vs. Own
- Rent54%
- Own46%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Michigan City, IN compared to median property taxes around the country. The prevalent amount of property taxes in Michigan City, IN equals $800, which is less than the national average.
- USA
- Michigan City, IN
Housing Trends
Michigan City, IN, USA Housing Trends
Average sale in Michigan City: $271,435 (+64.8%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 2 bed apartments | $229,360 | +186.9% |
| 3 bed apartments | $294,811 | +83% |
| 4+ bed apartments | $185,810 | N/A |
During Sep 2021, the average price for an apartment in/near Michigan City, IN increased by 64.8% to $271,435.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $229,360. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $294,811. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $185,810 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $263,390 | +33.5% |
| Apartments for sale | $40,162 | N/A |
| Lofts for sale | $150,000 | N/A |
| Duplexes for sale | $300,933 | N/A |
While assessing the property pricing Michigan City, IN, you can note that it remains flat with a price tag of $40,162. According to statistics, average house is still $263,390 with no significant changes this month. An average value of duplex is $300,933, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $150,000.
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