According to statistics, the population in Pontiac, MI amounts to 60,039, which shows decline 0% compared to the previous year. The median age of the city’s residents is 32. The average household income is $31,401, shifting growth 4% from the past year, and the average property value in Pontiac, MI growth 5% to $56,300 throughout the year.
Population | 60,039 |
Median Age | 32.2 |
Poverty Rate | 34% |
Household Income | $31,401 |
Number Of Employees | 24,304 |
Median Property Value | $56,300 |
The average household income in Pontiac, MI grew from $30,152 to $31,401 in the past year. This data is an estimate based upon 23,262 households in Pontiac, MI . The chart below presents how household income is distributed in Pontiac, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Pontiac, MI shifted from $53,700 to $56,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Pontiac, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Pontiac, MI properties falls in the '$50,000 to $59,999' 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 Pontiac, MI compared to median property taxes around the country. The prevalent amount of property taxes in Pontiac, MI equals $1150, which is less than the national average.
Apartment Size |
May | vs Last Month |
---|---|---|
Studio apartments | $36,000 | -55.8% |
2-bed apartments | $73,608 | +7.4% |
3-bed apartments | $143,202 | +12.5% |
4+ bed apartments | $256,718 | +26.4% |
During May 2023, the average price for an apartment in/near Pontiac, MI increased by 16.9% to $150,674.
Knowing the current property prices is key if you plan to buy a studio in Pontiac, MI. The average price for a studio has decreased since the last month, currently being $36,000. Asking price for 2-bed apartment also increased by 7.4% and a place of this size will now cost you $73,608. A 3-bed apartment goes for $143,202, it increased by 12.5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 26.4% and made it up to $256,718.
Listing Type |
May | vs Last Month |
---|---|---|
Houses for sale | $154,147 | +11.8% |
Condos for sale | $129,900 | +122.7% |
Apartments for sale | $36,000 | -54.9% |
The average cost of an apartment in Pontiac, MI decreased by 54.9% to $36,000. Price reports demonstrate that house price increased by 11.8% this month making it up to $154,147. Condos are really in demand in this season. The median price for a condo increased by 122.7%, it’s now available for $129,900.