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Multi-family Foreclosures in Elmira, MI 49730

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Elmira, MI Foreclosures

How much do homes sell for in Elmira, MI?
The average home price is currently $247,453.
What’s the average rental cost in Elmira, MI?
The average rental price in Elmira is $1,461.
What is the most expensive home in Elmira?
The most expensive home sold in Elmira had a price of $1,783,700.
What is currently the cheapest priced home in Elmira, MI?
The cheapest home for sale in Elmira is priced at $16,941.

Living in Elmira, MI

Elmira, MI, is a quaint town situated in northern Michigan known for its lush natural landscapes and friendly community atmosphere. The town offers numerous outdoor activities, including hiking, fishing, and winter sports, enhancing the quality of life. With its scenic views and peaceful environment, Elmira is perfect for those looking for a relaxed lifestyle.

Current Market Conditions in Elmira, MI

The real estate market in Elmira is currently stable with a slight increase in home prices over the past few months. Many buyers are drawn to this region due to its natural beauty and the sense of community it offers. Properties tend to sell relatively quickly, especially those that are well-maintained and located near recreational areas. Interest in vacation homes is also on the rise, as more people seek retreat locations away from urban centers.

In recent months, the market has shown resilience, with new listings coming onto the market regularly. Buyers are looking for both permanent residences and seasonal homes, contributing to steady demand in the area. Elmira's appeal to those looking for outdoor lifestyles continues to drive interest, especially as more individuals prioritize space and nature in their housing choices.

Home Value Estimator For Elmira, MI

There are currently 1,440 real estate properties in Elmira, MI, with a median automated valuation model (AVM) price of $230,078.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elmira, 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 Elmira, MI, is $247,453.00, with the most expensive house in Elmira, MI, topping out at $1,783,700.00 and the cheapest home in Elmira, MI, clocking in at $16,941.00. In other words, there’s something for every potential homebuyer or savvy investor in Elmira, MI!

Rent Prices In Elmira, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elmira, MI, is on a rollercoaster ride. The average rent price in Elmira, MI, is $1,461.00. Indeed, when looking to rent in Elmira, MI, you can expect to pay as little as $590.00 or as much as $2,850.00, 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 Elmira, 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.

Elmira, MI 49730 Multi-family Homes


Market Trend for Elmira, MI

Total Listings Available: 0

Market Values:

Home Prices from $16,941 to $1,783,700

Average Sales Price: $247,453

Rental Values:

Rental from $590 to $2,850

Average Rent Value: $1,461 / month

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