According to statistics, the population in Mount Morris, MI amounts to 2,920, which shows decline -2% compared to the previous year. The median age of the city’s residents is 32. The average household income is $26,563, shifting growth 25% from the past year, and the average property value in Mount Morris, MI decline -1% to $48,300 throughout the year.
|Number Of Employees||1,000|
|Median Property Value||$48,300|
The average household income in Mount Morris, MI grew from $21,196 to $26,563 in the past year. This data is an estimate based upon 1,194 households in Mount Morris, MI . The chart below presents how household income is distributed in Mount Morris, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Mount Morris, MI shifted from $48,800 to $48,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Mount Morris, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Mount Morris, MI properties falls in the '$40,000 to $49,999' 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 Mount Morris, MI compared to median property taxes around the country. The prevalent amount of property taxes in Mount Morris, MI equals $1150, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed for sale||$80,000||+33.3%|
|3 bed for sale||$121,183||+26%|
|4+ bed for sale||$241,360||+545.3%|
During Aug 2022, the average price for an apartment in/near Mount Morris, MI increased by 80.6% to $148,473.
Asking price for 2-bed apartment also increased by 33.3% and a place of this size will now cost you $80,000. A 3-bed apartment goes for $121,183, it increased by 26% lately. We discerned the rise of 4- and more bed apartment price. It increased by 545.3% and made it up to $241,360.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$148,473||+61.1%|
|Land for sale||$37,400||N/A|
Price reports demonstrate that house price increased by 61.1% this month making it up to $148,473.