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Rent To Own Homes in Lake, MI

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Lake, MI Foreclosures

How much do homes sell for in Lake, MI?
The average home price is currently $185,698.
In Lake, MI, how many homes are available?
There are currently 1 active home listings available in Lake.
What’s the average rental cost in Lake, MI?
The average rental price in Lake is $1,207.
What is the most expensive home in Lake?
The most expensive home sold in Lake had a price of $1,697,900.
What is currently the cheapest priced home in Lake, MI?
The cheapest home for sale in Lake is priced at $14,919.

Living in Lake, MI

Lake, MI is a charming small town known for its stunning natural scenery and outdoor recreational opportunities. The area offers a peaceful lifestyle surrounded by nature, making it perfect for families and retirees alike. With a strong sense of community and local amenities, Lake is an ideal place to call home.

Current Market Conditions in Lake, MI

The real estate market in Lake, MI remains stable, with a consistent demand for lakefront properties and seasonal rentals. The community's appeal as a vacation destination drives interest, particularly in warmer months, attracting buyers looking for summer homes.

Home Value Estimator For Lake, MI

There are currently 4,320 real estate properties in Lake, MI, with a median automated valuation model (AVM) price of $152,836.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake, 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 Lake, MI, is $185,698.00, with the most expensive house in Lake, MI, topping out at $1,697,900.00 and the cheapest home in Lake, MI, clocking in at $14,919.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake, MI!

Rent Prices In Lake, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake, MI, is on a rollercoaster ride. The average rent price in Lake, MI, is $1,207.00. Indeed, when looking to rent in Lake, MI, you can expect to pay as little as $650.00 or as much as $1,990.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Lake, 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.

Lake, MI Rent To Own Homes

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