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Preforeclosure Homes in Colon, MI 49040

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Living in Colon, MI

COLON, MI, is a serene small town that embraces community living and nature. Its vibrant local culture is complemented by scenic outdoor activities. The area boasts a variety of local amenities, quality schools, and friendly neighborhoods, making it an attractive choice for potential homebuyers and investors.

Current Market Conditions in Colon, MI

The real estate market in COLON, MI, shows a steady demand for housing, with an increasing number of investors seeking opportunities in this charming town. Prices for residential properties remain relatively affordable compared to larger metropolitan areas, making it attractive for first-time buyers and investors looking for rental properties.

As the community continues to grow, the surrounding amenities and recreational opportunities enhance the appeal of COLON. The demand for homes has led to a competitive market, particularly for well-maintained residences, highlighting the importance of timely investment decisions for prospective buyers.

Home Value Estimator For Colon, MI

There are currently 1,729 real estate properties in Colon, MI, with a median automated valuation model (AVM) price of $181,885.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Colon, 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 Colon, MI, is $207,888.00, with the most expensive house in Colon, MI, topping out at $3,706,452.00 and the cheapest home in Colon, MI, clocking in at $10,165.00. In other words, there’s something for every potential homebuyer or savvy investor in Colon, MI!

Rent Prices In Colon, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colon, MI, is on a rollercoaster ride. The average rent price in Colon, MI, is $1,236.00. Indeed, when looking to rent in Colon, MI, you can expect to pay as little as $820.00 or as much as $2,220.00, 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 Colon, 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.

Colon, MI 49040 Preforeclosure Homes


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