Baraga, MI Foreclosures
How much do homes sell for in Baraga, MI?
The average home price is currently $164,287.
What’s the average rental cost in Baraga, MI?
The average rental price in Baraga is $1,240.
What is the most expensive home in Baraga?
The most expensive home sold in Baraga had a price of $589,025.
What is currently the cheapest priced home in Baraga, MI?
The cheapest home for sale in Baraga is priced at $28,556.
Living in Baraga, MI
Baraga, MI is a quiet, lakeside community known for its stunning natural beauty and strong sense of community. With access to outdoor activities like fishing and hiking, it’s an ideal location for adventure seekers and nature lovers. The town combines rural charm with essential amenities, making it perfect for families and retirees.
Current Market Conditions in Baraga, MI
The real estate market in Baraga, MI is experiencing a steady increase in interest due to its scenic surroundings and affordable housing options. The area has attracted both local buyers and those from out-of-state looking for a retreat from urban living. Home prices have remained relatively stable, but some areas are seeing slight appreciation as demand grows.
Investors are also taking note of Baraga as a prime spot for seasonal rentals due to its proximity to outdoor attractions and Lake Superior. This trend is boosting property values and creating opportunities for rental income.
Overall, the real estate market in Baraga is currently considered a buyer’s market, with ample inventory available, though this may shift as interest continues to rise.
Home Value Estimator For Baraga, MI
There are currently 678 real estate properties
in Baraga, MI,
with a median automated valuation model (AVM) price
of $150,692.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Baraga, 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 Baraga, MI,
is $164,287.00, with the most expensive house
in Baraga, MI, topping out
at $589,025.00 and the cheapest home
in Baraga, MI,
clocking in at $28,556.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Baraga, MI!
Rent Prices
In Baraga, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Baraga, MI, is on
a rollercoaster ride. The
average rent price in Baraga, MI,
is $1,240.00. Indeed, when looking to rent in
Baraga, MI, you can expect to pay as little
as $740.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,230.00. The good news is that finding
an affordable and desirable property to rent in Baraga, 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
