Hamburg, MI Foreclosures
How much do homes sell for in Hamburg, MI?
The average home price is currently $399,421.
In Hamburg, MI, how many homes are available?
There are currently 187 active home listings available in Hamburg.
What’s the average rental cost in Hamburg, MI?
The average rental price in Hamburg is $1,551.
What is the most expensive home in Hamburg?
The most expensive home sold in Hamburg had a price of $2,182,955.
What is currently the cheapest priced home in Hamburg, MI?
The cheapest home for sale in Hamburg is priced at $40,264.
Living in Hamburg, MI
Hamburg, Michigan is a quaint town known for its natural beauty and friendly atmosphere. Residents enjoy easy access to beautiful lakes and parks, a variety of local shops, and a strong sense of community. The vibrant downtown area provides a perfect blend of leisure and commerce, making Hamburg a desirable place to call home.
Current Market Conditions in Hamburg, MI
The real estate market in Hamburg, MI has been steadily growing, with an increase in demand for single-family homes and lakefront properties. The community's appeal, combined with affordable prices compared to nearby urban areas, has attracted many new buyers and families looking for a tranquil lifestyle.
Home values in Hamburg have seen a notable increase over the past year, fueled by low interest rates and a limited inventory of homes for sale. As more people seek out suburban areas, the demand for properties in Hamburg continues to rise.
Home Value Estimator For Hamburg, MI
There are currently 269 real estate properties
in Hamburg, MI,
with a median automated valuation model (AVM) price
of $338,209.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hamburg, 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 Hamburg, MI,
is $399,421.00, with the most expensive house
in Hamburg, MI, topping out
at $2,182,955.00 and the cheapest home
in Hamburg, MI,
clocking in at $40,264.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hamburg, MI!
Rent Prices
In Hamburg, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hamburg, MI, is on
a rollercoaster ride. The
average rent price in Hamburg, MI,
is $1,551.00. Indeed, when looking to rent in
Hamburg, MI, you can expect to pay as little
as $870.00 or as much
as $3,500.00,
with the average rent median estimated to
be $1,470.00. The good news is that finding
an affordable and desirable property to rent in Hamburg, 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.
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