Otter Lake, MI Foreclosures
How much do homes sell for in Otter Lake, MI?
The average home price is currently $240,929.
In Otter Lake, MI, how many homes are available?
There are currently 3 active home listings available in Otter Lake.
What’s the average rental cost in Otter Lake, MI?
The average rental price in Otter Lake is $1,166.
What is the most expensive home in Otter Lake?
The most expensive home sold in Otter Lake had a price of $1,877,941.
What is currently the cheapest priced home in Otter Lake, MI?
The cheapest home for sale in Otter Lake is priced at $13,277.
Living in Otter Lake, MI
Otter Lake, MI is a small, friendly community ideal for those seeking peace and natural beauty. Surrounded by nature, residents enjoy various outdoor activities and a strong sense of community spirit. Local amenities and access to nearby towns enhance the living experience.
Current Market Conditions in Otter Lake, MI
The real estate market in Otter Lake has seen a steady increase in demand over the past few years, with home values reflecting the community's attractiveness for buyers. The market offers a mix of traditional homes and cozy lake cabins, making it suitable for both permanent residents and vacation buyers.
With a limited inventory of homes, the market is competitive, particularly during the summer months when demand peaks. Buyers are drawn to the area's affordability, laid-back lifestyle, and proximity to beautiful outdoor spaces.
Home Value Estimator For Otter Lake, MI
There are currently 963 real estate properties
in Otter Lake, MI,
with a median automated valuation model (AVM) price
of $226,244.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Otter Lake, 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 Otter Lake, MI,
is $240,929.00, with the most expensive house
in Otter Lake, MI, topping out
at $1,877,941.00 and the cheapest home
in Otter Lake, MI,
clocking in at $13,277.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Otter Lake, MI!
Rent Prices
In Otter Lake, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Otter Lake, MI, is on
a rollercoaster ride. The
average rent price in Otter Lake, MI,
is $1,166.00. Indeed, when looking to rent in
Otter Lake, MI, you can expect to pay as little
as $500.00 or as much
as $2,620.00,
with the average rent median estimated to
be $1,180.00. The good news is that finding
an affordable and desirable property to rent in Otter Lake, 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.
Learn more on Foreclosure homes
