Indian River, MI Foreclosures
How much do homes sell for in Indian River, MI?
The average home price is currently $396,120.
In Indian River, MI, how many homes are available?
There are currently 1 active home listings available in Indian River.
What’s the average rental cost in Indian River, MI?
The average rental price in Indian River is $1,381.
What is the most expensive home in Indian River?
The most expensive home sold in Indian River had a price of $8,505,839.
What is currently the cheapest priced home in Indian River, MI?
The cheapest home for sale in Indian River is priced at $5,375.
Living in Indian River, MI
Indian River, located in Northern Michigan, is a picturesque small town known for its stunning natural landscapes. It offers a serene lifestyle surrounded by water, with nearby lakes, rivers, and lush forests. This quaint community is perfect for outdoor enthusiasts, with abundant opportunities for fishing, boating, and hiking.
Current Market Conditions in Indian River, MI
The real estate market in Indian River, MI, has seen a steady increase in demand over the past year. Home prices are appreciating, driven by an influx of buyers looking for vacation homes and retirees seeking peaceful living away from urban areas. The market is characterized by a mix of charming historic homes and contemporary builds, catering to various buyers' preferences, from young families to retirees.
As of late 2023, homes in Indian River have been selling fairly quickly, often within weeks of being listed. This reflects a broader trend in Northern Michigan, where the appeal of outdoor lifestyle and a close-knit community attracts both locals and newcomers. The market is competitive, with inventory levels fluctuating based on seasonal demand.
Home Value Estimator For Indian River, MI
There are currently 4,439 real estate properties
in Indian River, MI,
with a median automated valuation model (AVM) price
of $268,315.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Indian River, 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 Indian River, MI,
is $396,120.00, with the most expensive house
in Indian River, MI, topping out
at $8,505,839.00 and the cheapest home
in Indian River, MI,
clocking in at $5,375.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Indian River, MI!
Rent Prices
In Indian River, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Indian River, MI, is on
a rollercoaster ride. The
average rent price in Indian River, MI,
is $1,381.00. Indeed, when looking to rent in
Indian River, MI, you can expect to pay as little
as $750.00 or as much
as $2,630.00,
with the average rent median estimated to
be $1,310.00. The good news is that finding
an affordable and desirable property to rent in Indian River, 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
