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Foreclosure Homes in Honor, MI 49640

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Honor, MI Foreclosures

How much do homes sell for in Honor, MI?
The average home price is currently $514,712.
In Honor, MI, how many homes are available?
There are currently 2 active home listings available in Honor.
What’s the average rental cost in Honor, MI?
The average rental price in Honor is $1,269.
What is the most expensive home in Honor?
The most expensive home sold in Honor had a price of $2,372,100.
What is currently the cheapest priced home in Honor, MI?
The cheapest home for sale in Honor is priced at $50,125.

Living in Honor, MI

Honor, Michigan, is a picturesque small town nestled in Benzie County, renowned for its abundant outdoor activities and welcoming community. With nearby lakes and parks, residents can enjoy a variety of recreational pursuits year-round. The town offers a range of amenities, making it an attractive location for families and retirees alike.

Current Market Conditions in Honor, MI

The real estate market in Honor, MI has been experiencing a steady increase in home values over the past few years, largely driven by the area's natural beauty and recreational opportunities. Homes in the region are in high demand, with many buyers attracted to the small-town feel and access to outdoor activities. The market is characterized by a mix of single-family homes, vacation properties, and land for development, providing various investment opportunities.

Home Value Estimator For Honor, MI

There are currently 1,390 real estate properties in Honor, MI, with a median automated valuation model (AVM) price of $394,570.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Honor, 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 Honor, MI, is $514,712.00, with the most expensive house in Honor, MI, topping out at $2,372,100.00 and the cheapest home in Honor, MI, clocking in at $50,125.00. In other words, there’s something for every potential homebuyer or savvy investor in Honor, MI!

Rent Prices In Honor, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Honor, MI, is on a rollercoaster ride. The average rent price in Honor, MI, is $1,269.00. Indeed, when looking to rent in Honor, MI, you can expect to pay as little as $600.00 or as much as $2,140.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Honor, 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.

Honor, MI 49640 Foreclosures

Market Trend for Honor, MI

Total Listings Available: 2

Market Values:

Home Prices from $50,125 to $2,372,100

Average Sales Price: $514,712

Rental Values:

Rental from $600 to $2,140

Average Rent Value: $1,269 / month

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