Living in Applegate, MI
Applegate, MI, offers a serene rural lifestyle surrounded by nature. Residents experience a charming community with access to outdoor activities, local farms, and nearby amenities. It’s perfect for individuals seeking peace away from busy cities.
Current Market Conditions in Applegate, MI
The real estate market in Applegate is currently favorable for buyers, featuring a mix of quaint homes and larger properties. While prices have seen moderate increases, they remain relatively affordable compared to urban areas, making this an attractive option for first-time homebuyers and investors.
In recent years, there has been a noticeable uptick in interest from buyers looking for vacation homes or rental properties, boosting the local market's appeal. The area’s natural beauty and rural living ensure a steady demand, further contributing to its growth potential.
Home Value Estimator For Applegate, MI
There are currently 606 real estate properties
in Applegate, MI,
with a median automated valuation model (AVM) price
of $186,581.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Applegate, 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 Applegate, MI,
is $232,615.00, with the most expensive house
in Applegate, MI, topping out
at $1,850,574.00 and the cheapest home
in Applegate, MI,
clocking in at $16,809.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Applegate, MI!
Rent Prices
In Applegate, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Applegate, MI, is on
a rollercoaster ride. The
average rent price in Applegate, MI,
is $1,256.00. Indeed, when looking to rent in
Applegate, MI, you can expect to pay as little
as $820.00 or as much
as $2,080.00,
with the average rent median estimated to
be $1,290.00. The good news is that finding
an affordable and desirable property to rent in Applegate, 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.
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