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Rent To Own Homes in Colon, MI 49040

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Colon, MI Foreclosures

How much do homes sell for in Colon, MI?
The average home price is currently $214,503.
In Colon, MI, how many homes are available?
There are currently 2 active home listings available in Colon.
What’s the average rental cost in Colon, MI?
The average rental price in Colon is $1,237.
What is the most expensive home in Colon?
The most expensive home sold in Colon had a price of $3,814,556.
What is currently the cheapest priced home in Colon, MI?
The cheapest home for sale in Colon is priced at $10,403.

Living in Colon, MI

Colon, MI is a quaint small town known for its friendly atmosphere and annual magic festivals. With ample outdoor activities and a focus on local education, it offers a wonderful community for families and individuals alike. Its close proximity to larger cities provides the perfect balance of small-town charm and urban convenience.

Current Market Conditions in Colon, MI

The real estate market in Colon, MI has shown steady growth over the past year, with home prices gradually increasing as demand rises. The affordability of homes in this area attracts both first-time homebuyers and retirees seeking a peaceful lifestyle. The market remains competitive, yet it still provides opportunities for buyers to find reasonably priced properties.

In recent months, Colon's market has become more dynamic, with a noticeable increase in home sales compared to previous quarters. Buyers are motivated by low interest rates, while sellers are seeing favorable conditions as homes are being sold more quickly.

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 $190,981.00. 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 $214,503.00, with the most expensive house in Colon, MI, topping out at $3,814,556.00 and the cheapest home in Colon, MI, clocking in at $10,403.00. 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 $1,237.00. 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 Rent To Own Homes

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