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Cheap Homes in Grayling, MI

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Grayling, MI Foreclosures

How much do homes sell for in Grayling, MI?
The average home price is currently $227,898.
What’s the average rental cost in Grayling, MI?
The average rental price in Grayling is $1,260.
What is the most expensive home in Grayling?
The most expensive home sold in Grayling had a price of $6,833,623.
What is currently the cheapest priced home in Grayling, MI?
The cheapest home for sale in Grayling is priced at $10,002.

Living in Grayling, MI

Grayling, MI offers a breathtaking natural landscape perfect for outdoor activities, rich community history, and strong educational options. This vibrant city presents a unique blend of small-town charm and access to recreational opportunities, making it a great place to live for families and outdoor enthusiasts alike.

Current Market Conditions in Grayling, MI

The Grayling real estate market is currently experiencing a steady increase in demand, particularly among families and retirees seeking a peaceful lifestyle surrounded by nature. Homes are selling relatively quickly, indicating a competitive market with a low inventory. Buyers are frequently attracted to Grayling for its quality of life, recreational activities, and affordability compared to neighboring areas.

Current trends suggest an increasing interest in vacation homes and investment properties, driven by the area's recreational appeal. The market has seen a mix of traditional single-family homes and more modern developments, appealing to a diverse array of potential buyers.

Home Value Estimator For Grayling, MI

There are currently 6,714 real estate properties in Grayling, MI, with a median automated valuation model (AVM) price of $183,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Grayling, 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 Grayling, MI, is $227,898.00, with the most expensive house in Grayling, MI, topping out at $6,833,623.00 and the cheapest home in Grayling, MI, clocking in at $10,002.00. In other words, there’s something for every potential homebuyer or savvy investor in Grayling, MI!

Rent Prices In Grayling, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grayling, MI, is on a rollercoaster ride. The average rent price in Grayling, MI, is $1,260.00. Indeed, when looking to rent in Grayling, MI, you can expect to pay as little as $500.00 or as much as $3,020.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Grayling, 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.

Cheap Homes in Grayling, MI


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