Elberta, MI Foreclosures
How much do homes sell for in Elberta, MI?
The average home price is currently $315,025.
In Elberta, MI, how many homes are available?
There are currently 18 active home listings available in Elberta.
What’s the average rental cost in Elberta, MI?
The average rental price in Elberta is $1,073.
What is the most expensive home in Elberta?
The most expensive home sold in Elberta had a price of $824,700.
What is currently the cheapest priced home in Elberta, MI?
The cheapest home for sale in Elberta is priced at $95,995.
Living in Elberta, MI
Elberta, MI is a scenic village on Lake Michigan, celebrated for its natural beauty and community spirit. With beautiful beaches, local festivals, and good educational institutions, it offers a peaceful lifestyle that attracts families and retirees alike. Outdoor activities abound, making it a haven for nature lovers and adventure seekers.
Current Market Conditions in Elberta, MI
The real estate market in Elberta, MI is witnessing a steady increase in interest from both homebuyers and investors. The village's proximity to Lake Michigan, combined with its friendly community, has made it a desirable location for those seeking a second home or vacation rental opportunities. Homes are selling relatively quickly, and inventory levels remain low, which has contributed to upward pressure on prices over the past year.
Investors are particularly focused on beachfront properties and those near local attractions, such as parks and recreational areas. This trend shows a growing appreciation for Elberta's natural resources and lifestyle, leading to an active market for both primary residences and rental investments.
Home Value Estimator For Elberta, MI
There are currently 21 real estate properties
in Elberta, MI,
with a median automated valuation model (AVM) price
of $259,355.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elberta, 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 Elberta, MI,
is $315,025.00, with the most expensive house
in Elberta, MI, topping out
at $824,700.00 and the cheapest home
in Elberta, MI,
clocking in at $95,995.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elberta, MI!
Rent Prices
In Elberta, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elberta, MI, is on
a rollercoaster ride. The
average rent price in Elberta, MI,
is $1,073.00. Indeed, when looking to rent in
Elberta, MI, you can expect to pay as little
as $920.00 or as much
as $1,510.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Elberta, 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
