Living in Lennon, MI
Lennon, MI is a serene village known for its rural charm and friendly community atmosphere. It offers various outdoor activities, essential amenities, and a supportive environment for families. The village's tranquil setting and local businesses appeal to those looking for a peaceful lifestyle.
Current Market Conditions in Lennon, MI
The real estate market in Lennon, MI, is currently characterized by steady demand for residential properties, with many investors looking for affordable housing options. The area has seen a slight increase in home values, reflecting its attractiveness for families and individuals seeking a quieter living environment.
Given the rising interest in rural properties due to remote working arrangements, investors may find promising opportunities in Lennon, especially in single-family homes and investment properties, as potential buyers increasingly prioritize affordability and quality of life.
Home Value Estimator For Lennon, MI
There are currently 1,008 real estate properties
in Lennon, MI,
with a median automated valuation model (AVM) price
of $192,595.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lennon, 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 Lennon, MI,
is $201,324.00, with the most expensive house
in Lennon, MI, topping out
at $870,000.00 and the cheapest home
in Lennon, MI,
clocking in at $18,338.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lennon, MI!
Rent Prices
In Lennon, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lennon, MI, is on
a rollercoaster ride. The
average rent price in Lennon, MI,
is $1,360.00. Indeed, when looking to rent in
Lennon, MI, you can expect to pay as little
as $930.00 or as much
as $2,180.00,
with the average rent median estimated to
be $1,360.00. The good news is that finding
an affordable and desirable property to rent in Lennon, 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.
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