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Rent To Own Homes in Bessemer, MI 49968

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Bessemer, MI Foreclosures

How much do homes sell for in Bessemer, MI?
The average home price is currently $136,845.
In Bessemer, MI, how many homes are available?
There are currently 2 active home listings available in Bessemer.
What’s the average rental cost in Bessemer, MI?
The average rental price in Bessemer is $1,279.
What is the most expensive home in Bessemer?
The most expensive home sold in Bessemer had a price of $1,218,083.
What is currently the cheapest priced home in Bessemer, MI?
The cheapest home for sale in Bessemer is priced at $12,550.

Living in Bessemer, MI

Bessemer, MI is a charming small city in the Upper Peninsula, known for its rich history and close-knit community. Surrounded by breathtaking views and abundant outdoor activities, it's an ideal place for nature lovers and families alike. The area offers essential amenities as well as a range of recreational options, making it a desirable location to call home.

Current Market Conditions in Bessemer, MI

The real estate market in Bessemer, MI has remained steady with a slight increase in home values over the past year. The demand for homes in this quaint city continues to grow, supported by the area's affordability and appeal to those looking for a tranquil lifestyle in nature. The inventory of homes available is relatively low, contributing to a seller's market where buyers may face competition for well-priced listings.

Bessemer's market trend shows that homes are selling quickly, with many listings receiving offers shortly after going live. Investors and first-time homebuyers are drawn to the area due to its attractive price points compared to larger urban centers.

Home Value Estimator For Bessemer, MI

There are currently 817 real estate properties in Bessemer, MI, with a median automated valuation model (AVM) price of $107,560.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bessemer, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bessemer, MI, is $136,845.00, with the most expensive house in Bessemer, MI, topping out at $1,218,083.00 and the cheapest home in Bessemer, MI, clocking in at $12,550.00. In other words, there’s something for every potential homebuyer or savvy investor in Bessemer, MI!

Rent Prices In Bessemer, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bessemer, MI, is on a rollercoaster ride. The average rent price in Bessemer, MI, is $1,279.00. Indeed, when looking to rent in Bessemer, MI, you can expect to pay as little as $730.00 or as much as $2,180.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Bessemer, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Bessemer, MI 49968 Rent To Own Homes

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