Median price for residential apartments in Olivia, MN as of Dec, 2022.
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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7 Olivia, MN 56277, USA apartments for sale
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Olivia
According to statistics, the population in Olivia, MN amounts to 2,437, which shows growth 5% compared to the previous year. The median age of the city’s residents is 39. The average household income is $53,576, shifting decline -8% from the past year, and the average property value in Olivia, MN decline -2% to $97,500 throughout the year.
| Population | 2,437 |
| Median Age | 38.6 |
| Poverty Rate | 15% |
| Household Income | $53,576 |
| Number Of Employees | 1,198 |
| Median Property Value | $97,500 |
Household Income
The average household income in Olivia, MN declined from $58,229 to $53,576 in the past year. This data is an estimate based upon 1,045 households in Olivia, MN . The chart below presents how household income is distributed in Olivia, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Olivia, MN shifted from $99,600 to $97,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Olivia, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Olivia, MN properties falls in the '$90,000 to $99,999' 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 Olivia, MN compared to median property taxes around the country. The prevalent amount of property taxes in Olivia, MN equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Olivia, MN 56277, USA
Average apartment sale in Olivia: $193,182 (+9.6%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| 2-bed apartments | $125,000 | +0% |
| 3-bed apartments | $250,000 | +16.5% |
During Dec 2022, the average price for an apartment in/near Olivia, MN increased by 9.6% to $193,182.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $125,000. A 3-bed apartment goes for $250,000, it increased by 16.5% lately. 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 $167,933 for a big-family home.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $193,182 | +9.6% |
Price reports demonstrate that house price increased by 9.6% this month making it up to $193,182.
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