Living in Auburn, MI
Auburn, MI, is a welcoming small town with a friendly atmosphere and access to nature and community events. Its convenient location near larger urban areas makes it ideal for families and retirees. The town's solid educational institutions enhance its appeal, ensuring a quality lifestyle for its residents.
Current Market Conditions in Auburn, MI
The real estate market in Auburn, MI, is currently experiencing steady growth, with increased interest from both homebuyers and investors. With a median home price that remains affordable compared to neighboring areas, Auburn presents an attractive opportunity for those looking to invest in residential properties.
Over recent years, there has been a noticeable uptick in new construction, as developers seek to meet rising demand. This trend suggests a positive outlook for property values, making it a promising time for investors to consider Auburn for real estate ventures.
Home Value Estimator For Auburn, MI
There are currently 2,145 real estate properties
in Auburn, MI,
with a median automated valuation model (AVM) price
of $221,849.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Auburn, 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 Auburn, MI,
is $241,263.00, with the most expensive house
in Auburn, MI, topping out
at $917,439.00 and the cheapest home
in Auburn, MI,
clocking in at $11,660.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Auburn, MI!
Rent Prices
In Auburn, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Auburn, MI, is on
a rollercoaster ride. The
average rent price in Auburn, MI,
is $1,480.00. Indeed, when looking to rent in
Auburn, MI, you can expect to pay as little
as $910.00 or as much
as $2,440.00,
with the average rent median estimated to
be $1,480.00. The good news is that finding
an affordable and desirable property to rent in Auburn, 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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