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Rent To Own Homes in Drummond Island, MI

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Living in Drummond Island, MI

Drummond Island, MI, offers a serene lifestyle complemented by beautiful landscapes and recreational activities. Residents enjoy a close-knit community atmosphere with local events and outdoor exploration. The island also features good educational options, making it an appealing choice for families and nature lovers alike.

Current Market Conditions in Drummond Island, MI

The real estate market on Drummond Island is currently characterized by a steady demand for both seasonal homes and permanent residences. Investors are increasingly interested in properties due to the island's growing popularity as a vacation destination, which could translate to rental opportunities.

Prices have seen moderate appreciation over the last few years, and the availability of amenities and recreational activities makes the island an appealing choice for those seeking investment opportunities in the Michigan area.

Home Value Estimator For Drummond Island, MI

There are currently 1,339 real estate properties in Drummond Island, MI, with a median automated valuation model (AVM) price of $203,408.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Drummond Island, 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 Drummond Island, MI, is $252,603.00, with the most expensive house in Drummond Island, MI, topping out at $3,638,600.00 and the cheapest home in Drummond Island, MI, clocking in at $18,362.00. In other words, there’s something for every potential homebuyer or savvy investor in Drummond Island, MI!

Rent Prices In Drummond Island, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Drummond Island, MI, is on a rollercoaster ride. The average rent price in Drummond Island, MI, is $1,388.00. Indeed, when looking to rent in Drummond Island, MI, you can expect to pay as little as $610.00 or as much as $2,020.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Drummond Island, 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.

Drummond Island, MI Rent To Own Homes

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