According to statistics, the population in Westland, MI amounts to 82,172, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $46,230, shifting growth 3% from the past year, and the average property value in Westland, MI growth 9% to $105,400 throughout the year.
|Number Of Employees||40,543|
|Median Property Value||$105,400|
The average household income in Westland, MI grew from $44,808 to $46,230 in the past year. This data is an estimate based upon 35,107 households in Westland, MI . The chart below presents how household income is distributed in Westland, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Westland, MI shifted from $96,700 to $105,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Westland, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Westland, 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 Westland, MI compared to median property taxes around the country. The prevalent amount of property taxes in Westland, MI equals $2500, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$125,000||N/A|
|1 bed for sale||$112,766||N/A|
|2 bed for sale||$154,923||+10%|
|3 bed for sale||$205,464||+5.3%|
|4+ bed for sale||$292,757||+7.7%|
During Jul 2022, the average price for an apartment in/near Westland, MI increased by 5% to $210,574.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $112,766 with no changes this month. Asking price for 2-bed apartment also increased by 10% and a place of this size will now cost you $154,923. A 3-bed apartment goes for $205,464, it increased by 5.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 7.7% and made it up to $292,757.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$220,425||+7.9%|
|Condos for sale||$156,142||-13.1%|
|Land for sale||$49,700||+231.3%|
|Duplexes for sale||$125,000||N/A|
Price reports demonstrate that house price increased by 7.9% this month making it up to $220,425. Condos faced an upward trend these days. The median price for a condo decreased by 13.1%, it’s now available for $156,142. An average value of duplex is $125,000, thus a median price for a duplex remains the same this month.