Median price for residential apartments in Tawas City, MI 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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30 Tawas City, MI 48763, USA apartments for sale
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Tawas City
According to statistics, the population in Tawas City, MI amounts to 1,780, which shows decline -4% compared to the previous year. The median age of the city’s residents is 50. The average household income is $42,500, shifting growth 14% from the past year, and the average property value in Tawas City, MI growth 10% to $89,000 throughout the year.
| Population | 1,780 |
| Median Age | 49.5 |
| Poverty Rate | 17% |
| Household Income | $42,500 |
| Number Of Employees | 748 |
| Median Property Value | $89,000 |
Household Income
The average household income in Tawas City, MI grew from $37,321 to $42,500 in the past year. This data is an estimate based upon 704 households in Tawas City, MI . The chart below presents how household income is distributed in Tawas City, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Tawas City, MI shifted from $81,000 to $89,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Tawas City, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Tawas City, MI properties falls in the '$100,000 to $124,999' 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 Tawas City, MI compared to median property taxes around the country. The prevalent amount of property taxes in Tawas City, MI equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Tawas City, MI 48763, USA
Average apartment sale in Tawas City: $162,278 (+3.6%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $22,500 | +0% |
| 2-bed apartments | $256,964 | +0% |
| 4+ bed apartments | $119,900 | +0% |
During Jan 2023, the average price for an apartment in/near Tawas City, MI increased by 3.6% to $162,278.
The average price of the land for sale in Tawas City, MI has not changed significantly since last month, being $22,500. After collecting all data points, we now see that the average price for 1-bed apartment stands at $80,000 with no changes this month. Asking price for 2-bed apartment also increased by 0% and a place of this size will now cost you $256,964. 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 $119,900 for a big-family home.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Lofts for sale | $379,000 | +0% |
| Houses for sale | $133,158 | +24.2% |
| Land for sale | $22,500 | +0% |
| Condos for sale | $295,000 | +3.2% |
Price reports demonstrate that house price increased by 24.2% this month making it up to $133,158. Condos are really in demand in this season. The median price for a condo increased by 3.2%, it’s now available for $295,000. The price statistics of lofts have not significantly changed, it now still goes for $379,000. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $22,500.
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