According to statistics, the population in Warren, MI amounts to 135,147, which shows decline 0% compared to the previous year. The median age of the city’s residents is 39. The average household income is $45,611, shifting growth 4% from the past year, and the average property value in Warren, MI growth 9% to $102,100 throughout the year.
|Number Of Employees||59,299|
|Median Property Value||$102,100|
The average household income in Warren, MI grew from $44,017 to $45,611 in the past year. This data is an estimate based upon 53,436 households in Warren, MI . The chart below presents how household income is distributed in Warren, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Warren, MI shifted from $93,400 to $102,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Warren, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Warren, MI properties falls in the '$100,000 to $124,999' 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 Warren, MI compared to median property taxes around the country. The prevalent amount of property taxes in Warren, MI equals $2500, which is less than the national average.
|Apr||vs Last Month|
|4+ bed apartments||$162,779||-27%|
During April 2023, the average price for an apartment in/near Warren, MI decreased by 13.4% to $165,501.
Knowing the current property prices is key if you plan to buy a studio in Warren, MI. The average price for a studio has increased since the last month, currently being $51,675. After collecting all data points, we now see that the average price for 1-bed apartment stands at $99,900 with no changes this month. Asking price for 2-bed apartment also decreased by 39.7% and a place of this size will now cost you $124,588. A 3-bed apartment goes for $184,350, it decreased by 3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 27% and made it down to $162,779.
|Apr||vs Last Month|
|Condos for sale||$180,209||+29%|
|Apartments for sale||$57,495||+26.4%|
|Houses for sale||$170,102||-17%|
The average cost of an apartment in Warren, MI rised by 26.4% to $57,495. Price reports demonstrate that house price decreased by 17% this month making it up to $170,102. Condos are really in demand in this season. The median price for a condo increased by 29%, it’s now available for $180,209.