Median price for residential apartments in Munster, 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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290 Munster, IN, USA apartments for sale
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Munster
According to statistics, the population in Munster, IN amounts to 23,005, which shows decline 0% compared to the previous year. The median age of the city’s residents is 45. The average household income is $78,251, shifting growth 10% from the past year, and the average property value in Munster, IN growth 2% to $217,700 throughout the year.
| Population | 23,005 |
| Median Age | 45.2 |
| Poverty Rate | 5% |
| Household Income | $78,251 |
| Number Of Employees | 11,247 |
| Median Property Value | $217,700 |
Household Income
The average household income in Munster, IN grew from $70,894 to $78,251 in the past year. This data is an estimate based upon 8,756 households in Munster, IN . The chart below presents how household income is distributed in Munster, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Munster, IN shifted from $212,900 to $217,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Munster, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Munster, IN properties falls in the '$200,000 to $249,999' 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 Munster, IN compared to median property taxes around the country. The prevalent amount of property taxes in Munster, IN equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Munster, IN, USA
Average apartment sale in Munster: $446,323 (-1.6%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $223,750 | +10.6% |
| 1-bed apartments | $323,505 | -4.7% |
| 2-bed apartments | $306,429 | -1.9% |
| 3-bed apartments | $357,963 | +1.3% |
| 4+ bed apartments | $621,747 | -1.9% |
During Jan 2023, the average price for an apartment in/near Munster, IN decreased by 1.6% to $446,323.
Knowing the current property prices is key if you plan to buy a studio in Munster, IN. The average price for a studio has increased since the last month, currently being $223,750. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 4.7% to $323,505. Asking price for 2-bed apartment also decreased by 1.9% and a place of this size will now cost you $306,429. A 3-bed apartment goes for $357,963, it increased by 1.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.9% and made it down to $621,747.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Townhouses for sale | $289,900 | +0% |
| Houses for sale | $487,547 | -1.5% |
| Lofts for sale | $724,933 | +0% |
| Land for sale | $223,750 | +10.6% |
| Duplexes for sale | $399,900 | +0% |
| Condos for sale | $317,894 | -2.7% |
Price reports demonstrate that house price decreased by 1.5% this month making it up to $487,547. Condos faced an upward trend these days. The median price for a condo decreased by 2.7%, it’s now available for $317,894. An average value of duplex is $399,900, 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 $724,933. Value of the townhouses didn’t change, the price still starts at $289,900. The average price of the land for sale in Munster, IN has increased by 10.6%, and now equals $223,750.
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