Living in Dollar Bay, MI
Dollar Bay, MI, is a serene community located near Portage Lake, perfect for those seeking outdoor adventures and a close-knit atmosphere. The area features welcoming local schools and a range of recreational possibilities, making it an excellent choice for families and individuals alike. With a laid-back lifestyle and beautiful scenery, Dollar Bay offers a unique investment opportunity.
Current Market Conditions in Dollar Bay, MI
The real estate market in Dollar Bay has shown positive signs of growth, with a steady increase in home prices over the past year. There has been an uptick in demand for properties, especially among first-time homebuyers and those looking for vacation homes, due to its picturesque location and recreational offerings.
Investors can find a variety of properties ranging from quaint family homes to more substantial investments. The market remains competitive yet accessible, making it an opportune time to invest in Dollar Bay's real estate landscape.
Home Value Estimator For Dollar Bay, MI
There are currently 137 real estate properties
in Dollar Bay, MI,
with a median automated valuation model (AVM) price
of $217,252.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Dollar Bay, 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 Dollar Bay, MI,
is $258,183.00, with the most expensive house
in Dollar Bay, MI, topping out
at $946,776.00 and the cheapest home
in Dollar Bay, MI,
clocking in at $43,156.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Dollar Bay, MI!
Rent Prices
In Dollar Bay, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Dollar Bay, MI, is on
a rollercoaster ride. The
average rent price in Dollar Bay, MI,
is $1,303.00. Indeed, when looking to rent in
Dollar Bay, MI, you can expect to pay as little
as $1,100.00 or as much
as $1,780.00,
with the average rent median estimated to
be $1,300.00. The good news is that finding
an affordable and desirable property to rent in Dollar Bay, 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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