Median price for residential apartments in Mitchell, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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139 Mitchell, IN 47446, USA apartments for sale
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Mitchell
According to statistics, the population in Mitchell, IN amounts to 4,280, which shows decline 0% compared to the previous year. The median age of the city’s residents is 44. The average household income is $38,598, shifting growth 16% from the past year, and the average property value in Mitchell, IN decline 0% to $71,500 throughout the year.
| Population | 4,280 |
| Median Age | 43.7 |
| Poverty Rate | 12% |
| Household Income | $38,598 |
| Number Of Employees | 1,759 |
| Median Property Value | $71,500 |
Household Income
The average household income in Mitchell, IN grew from $33,243 to $38,598 in the past year. This data is an estimate based upon 1,810 households in Mitchell, IN . The chart below presents how household income is distributed in Mitchell, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Mitchell, IN shifted from $71,600 to $71,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Mitchell, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Mitchell, IN properties falls in the '$70,000 to $79,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
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 Mitchell, IN compared to median property taxes around the country. The prevalent amount of property taxes in Mitchell, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Mitchell, IN 47446, USA
Average apartment sale in Mitchell: $136,159 (+1.8%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $29,237 | +1.8% |
| 2-bed apartments | $84,955 | +1.2% |
| 3-bed apartments | $163,378 | -1.4% |
| 4+ bed apartments | $368,079 | +1.5% |
During Jan 2023, the average price for an apartment in/near Mitchell, IN increased by 1.8% to $136,159.
Knowing the current property prices is key if you plan to buy a studio in Mitchell, IN. The average price for a studio has increased since the last month, currently being $29,237. Asking price for 2-bed apartment also increased by 1.2% and a place of this size will now cost you $84,955. A 3-bed apartment goes for $163,378, it decreased by 1.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 1.5% and made it up to $368,079.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Land for sale | $29,237 | +1.8% |
| Houses for sale | $147,614 | +1.1% |
| Lofts for sale | $422,950 | +0% |
Price reports demonstrate that house price increased by 1.1% this month making it up to $147,614. The price statistics of lofts have not significantly changed, it now still goes for $422,950. The average price of the land for sale in Mitchell, IN has increased by 1.8%, and now equals $29,237.
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