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Foreclosures 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, MI is a quaint village nestled in the heart of Benzie County, known for its picturesque landscapes and welcoming community. Residents enjoy close proximity to outdoor adventures, excellent local schools, and a small-town atmosphere that's perfect for families and nature lovers. With easy access to larger cities, Honor offers a blend of tranquility and convenience.

Current Market Conditions in Honor, MI

Honor's real estate market is experiencing a steady growth trend as more people discover this hidden gem in northern Michigan. Home values have seen an increase of 5% over the last year, reflecting the demand for homes in this scenic area.

The combination of available recreational activities and a sense of community makes Honor an attractive option for homebuyers, particularly those looking for vacation homes or year-round residences, which is contributing to the overall stability of the housing market.

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

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