Michigan City, MS Foreclosures
How much do homes sell for in Michigan City, MS?
The average home price is currently $190,819.
What’s the average rental cost in Michigan City, MS?
The average rental price in Michigan City is $1,421.
What is the most expensive home in Michigan City?
The most expensive home sold in Michigan City had a price of $1,682,865.
What is currently the cheapest priced home in Michigan City, MS?
The cheapest home for sale in Michigan City is priced at $29,899.
Living in Michigan City, MS
Michigan City, MS is a quaint, welcoming town with a strong community spirit and picturesque surroundings. It boasts numerous outdoor activities, friendly neighbors, and essential amenities. Ideal for families and anyone seeking a peaceful lifestyle, Michigan City captures the essence of southern charm.
Current Market Conditions in Michigan City, MS
The real estate market in Michigan City, MS is currently characterized by a stable trend with affordable home prices that attract first-time buyers and retirees alike. The presence of local parks and community centers enhances the appeal of the area, making it a desirable location for homeownership. Due to its tranquil environment, the market has seen a steady demand, particularly for single-family homes, which have been appreciating moderately in value.
A noticeable increase in interest from buyers has been observed, especially among those looking for investment properties or vacation homes. The limited housing inventory, coupled with the town's charm and amenities, supports price modest increases year over year.
Home Value Estimator For Michigan City, MS
There are currently 335 real estate properties
in Michigan City, MS,
with a median automated valuation model (AVM) price
of $146,599.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Michigan City, MS, 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 Michigan City, MS,
is $190,819.00, with the most expensive house
in Michigan City, MS, topping out
at $1,682,865.00 and the cheapest home
in Michigan City, MS,
clocking in at $29,899.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Michigan City, MS!
Rent Prices
In Michigan City, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Michigan City, MS, is on
a rollercoaster ride. The
average rent price in Michigan City, MS,
is $1,421.00. Indeed, when looking to rent in
Michigan City, MS, you can expect to pay as little
as $940.00 or as much
as $2,190.00,
with the average rent median estimated to
be $1,410.00. The good news is that finding
an affordable and desirable property to rent in Michigan City, MS
-- 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.
Learn more on Foreclosure homes
