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Land Foreclosures in Escanaba, MI

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Escanaba, MI Foreclosures

How much do homes sell for in Escanaba, MI?
The average home price is currently $194,892.
What’s the average rental cost in Escanaba, MI?
The average rental price in Escanaba is $1,363.
What is the most expensive home in Escanaba?
The most expensive home sold in Escanaba had a price of $8,716,657.
What is currently the cheapest priced home in Escanaba, MI?
The cheapest home for sale in Escanaba is priced at $13,711.

Living in Escanaba, MI

Escanaba, located in the Upper Peninsula of Michigan, offers a unique blend of small-town charm and outdoor adventure. With its scenic waterfront along Lake Michigan and a vibrant downtown, residents enjoy a welcoming community atmosphere. Known for its recreational activities, Escanaba is perfect for those who love nature and wish to experience the beauty of the Great Lakes Region.

Current Market Conditions in Escanaba, MI

The real estate market in Escanaba showcases a blend of affordable homes and bustling activity, with an increasing interest from buyers looking for both vacation homes and permanent residences. The area has been experiencing steady growth, particularly in the mid-range and affordable home segments, attracting new residents drawn to the region's natural beauty and recreational opportunities.

With a residential focus on single-family homes, the market has seen a gradual increase in property values over the past few years. Interest from investors and remote workers seeking tranquility and space has also contributed to recent growth trends.

As of late 2023, the market remains competitive, particularly for homes in desirable locations near the waterfront and schools.

Home Value Estimator For Escanaba, MI

There are currently 6,997 real estate properties in Escanaba, MI, with a median automated valuation model (AVM) price of $166,889.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Escanaba, 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 Escanaba, MI, is $194,892.00, with the most expensive house in Escanaba, MI, topping out at $8,716,657.00 and the cheapest home in Escanaba, MI, clocking in at $13,711.00. In other words, there’s something for every potential homebuyer or savvy investor in Escanaba, MI!

Rent Prices In Escanaba, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Escanaba, MI, is on a rollercoaster ride. The average rent price in Escanaba, MI, is $1,363.00. Indeed, when looking to rent in Escanaba, MI, you can expect to pay as little as $630.00 or as much as $2,440.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Escanaba, 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.

Escanaba, MI Land


Market Trend for Escanaba, MI

Total Listings Available: 0

Market Values:

Home Prices from $13,711 to $8,716,657

Average Sales Price: $194,892

Rental Values:

Rental from $630 to $2,440

Average Rent Value: $1,363 / month

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