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Preforeclosure Homes in Iron River, MI

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Living in Iron River, MI

Iron River, MI is a picturesque town rich in outdoor adventure and community spirit. Featuring a range of schools and local amenities, it is ideal for families and retirees. Enjoy an active lifestyle surrounded by nature in a close-knit community.

Current Market Conditions in Iron River, MI

The real estate market in Iron River is quite favorable for investors, with a range of property types available at various price points. The demand for affordable housing continues to grow, making it a prime location for both first-time homebuyers and real estate investors looking to add to their portfolios.

With the town's continuous development and community-focused initiatives, including improvement projects and local events, property values are expected to rise, presenting a lucrative opportunity for real estate investment.

Home Value Estimator For Iron River, MI

There are currently 3,349 real estate properties in Iron River, MI, with a median automated valuation model (AVM) price of $126,017.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Iron 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 Iron River, MI, is $173,479.00, with the most expensive house in Iron River, MI, topping out at $2,129,800.00 and the cheapest home in Iron River, MI, clocking in at $11,184.00. In other words, there’s something for every potential homebuyer or savvy investor in Iron River, MI!

Rent Prices In Iron River, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Iron River, MI, is on a rollercoaster ride. The average rent price in Iron River, MI, is $1,297.00. Indeed, when looking to rent in Iron River, MI, you can expect to pay as little as $660.00 or as much as $1,980.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Iron 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.

Iron River, MI Preforeclosure Homes


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