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Fixer Upper Homes in Albion, MI

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Albion, MI Foreclosures

How much do homes sell for in Albion, MI?
The average home price is currently $183,763.
In Albion, MI, how many homes are available?
There are currently 51 active home listings available in Albion.
What’s the average rental cost in Albion, MI?
The average rental price in Albion is $1,036.
What is the most expensive home in Albion?
The most expensive home sold in Albion had a price of $1,635,370.
What is currently the cheapest priced home in Albion, MI?
The cheapest home for sale in Albion is priced at $11,762.

Living in Albion, MI

Albion, MI is a charming small city known for its friendly community, historic significance, and outdoor parks. It's an ideal place for those looking for a mix of tranquility and engagement. Residents can enjoy local festivals, parks, and a variety of shops and dining options, making it a vibrant place to call home.

Current Market Conditions in Albion, MI

The real estate market in Albion, MI has shown signs of stability over the past year. Prices for single-family homes have seen some fluctuations but generally remain affordable compared to larger urban areas. The demand for housing in the city remains steady, partly due to its appeal to first-time homebuyers and those looking for a peaceful lifestyle close to nature.

There’s a mix of affordable homes available as well as opportunities for investment in the growing market. The presence of Albion College fosters a continuous influx of students and faculty, contributing to a consistent demand for rental properties.

Home Value Estimator For Albion, MI

There are currently 4,641 real estate properties in Albion, MI, with a median automated valuation model (AVM) price of $150,348.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albion, 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 Albion, MI, is $183,763.00, with the most expensive house in Albion, MI, topping out at $1,635,370.00 and the cheapest home in Albion, MI, clocking in at $11,762.00. In other words, there’s something for every potential homebuyer or savvy investor in Albion, MI!

Rent Prices In Albion, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albion, MI, is on a rollercoaster ride. The average rent price in Albion, MI, is $1,036.00. Indeed, when looking to rent in Albion, MI, you can expect to pay as little as $620.00 or as much as $2,080.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Albion, 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.

Albion, MI Fixer Upper Homes

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