Median price for residential apartments in Pontiac, MI as of Nov, 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.
151 Pontiac, MI, USA apartments for sale
Pontiac
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 |
Household Income
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.
Property Value
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.
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 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.
Housing Trends
How much does an apartment cost in Pontiac, MI, USA
Average apartment sale in Pontiac: $137,697 (+2.3%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $181,021 | +49.7% |
| 1-bed apartments | $67,450 | -10.1% |
| 2-bed apartments | $130,374 | +16.2% |
| 3-bed apartments | $130,050 | -5.4% |
| 4+ bed apartments | $176,363 | -2.7% |
During Nov 2022, the average price for an apartment in/near Pontiac, MI increased by 2.3% to $137,697.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 10.1% to $67,450. Asking price for 2-bed apartment also increased by 16.2% and a place of this size will now cost you $130,374. A 3-bed apartment goes for $130,050, it decreased by 5.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.7% and made it down to $176,363.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Duplexes for sale | $299,900 | N/A |
| Houses for sale | $134,258 | -1.6% |
| Land for sale | $259,725 | +138.3% |
| Condos for sale | $159,990 | +0.1% |
| Apartments for sale | $53,300 | N/A |
While assessing the property pricing Pontiac, MI, you can note that it remains flat with a price tag of $53,300. Price reports demonstrate that house price decreased by 1.6% this month making it up to $134,258. Condos are really in demand in this season. The median price for a condo increased by 0.1%, it’s now available for $159,990. An average value of duplex is $299,900, thus a median price for a duplex remains the same this month.