Frankfort, MI Foreclosures
How much do homes sell for in Frankfort, MI?
The average home price is currently $674,099.
In Frankfort, MI, how many homes are available?
There are currently 2 active home listings available in Frankfort.
What’s the average rental cost in Frankfort, MI?
The average rental price in Frankfort is $1,328.
What is the most expensive home in Frankfort?
The most expensive home sold in Frankfort had a price of $5,886,628.
What is currently the cheapest priced home in Frankfort, MI?
The cheapest home for sale in Frankfort is priced at $37,048.
Living in Frankfort, MI
Frankfort, located on the shores of Lake Michigan, offers a stunning blend of natural beauty and small-town charm. With its picturesque beaches, vibrant downtown area, and a strong sense of community, it’s a perfect escape for families and outdoor enthusiasts alike. The town supports a variety of recreational activities and maintains a rich cultural heritage.
Current Market Conditions in Frankfort, MI
The real estate market in Frankfort, MI, has seen a steady rise in property values over the past few years, driven by an influx of buyers seeking vacation homes and year-round residences. The appeal of the area's natural beauty, coupled with low inventory levels, has created a competitive market. Homes in Frankfort vary widely in price, catering to a diverse range of buyers, from those looking for modest cottages to luxury lakefront properties.
As of now, Frankfort is experiencing a balanced market with homes selling relatively quickly. The demand for properties remains strong, reflecting the area's desirability and lifestyle appeal. With summer being the peak buying season, many potential buyers are eager to seize opportunities before the winter months.
Home Value Estimator For Frankfort, MI
There are currently 2,946 real estate properties
in Frankfort, MI,
with a median automated valuation model (AVM) price
of $449,212.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Frankfort, 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 Frankfort, MI,
is $674,099.00, with the most expensive house
in Frankfort, MI, topping out
at $5,886,628.00 and the cheapest home
in Frankfort, MI,
clocking in at $37,048.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Frankfort, MI!
Rent Prices
In Frankfort, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Frankfort, MI, is on
a rollercoaster ride. The
average rent price in Frankfort, MI,
is $1,328.00. Indeed, when looking to rent in
Frankfort, MI, you can expect to pay as little
as $570.00 or as much
as $2,860.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Frankfort, 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
