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Cheap Homes in Ludington, MI 49431

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Ludington, MI Foreclosures

How much do homes sell for in Ludington, MI?
The average home price is currently $342,619.
What’s the average rental cost in Ludington, MI?
The average rental price in Ludington is $1,385.
What is the most expensive home in Ludington?
The most expensive home sold in Ludington had a price of $12,322,588.
What is currently the cheapest priced home in Ludington, MI?
The cheapest home for sale in Ludington is priced at $10,705.

Living in Ludington, MI

Ludington, MI, is a picturesque city situated along Lake Michigan, offering residents a quaint lifestyle enriched with outdoor activities and beautiful scenery. Known for its magnificent beaches and vibrant downtown, Ludington is ideal for families and outdoor enthusiasts alike. With access to quality schools and a strong sense of community, it’s an inviting place to call home.

Current Market Conditions in Ludington, MI

The Ludington real estate market has been experiencing steady growth, with increasing interest from both first-time buyers and retirees looking for a serene environment. The demand for lakefront properties remains particularly high, contributing to rising home values. Buyers can find a mix of charming older homes and new constructions, catering to diverse preferences and budgets.

Overall, it is an ideal time for sellers to capitalize on the market’s strength, while buyers should be prepared for some competition, especially for desirable properties that are well-located.

Home Value Estimator For Ludington, MI

There are currently 7,447 real estate properties in Ludington, MI, with a median automated valuation model (AVM) price of $273,244.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ludington, 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 Ludington, MI, is $342,619.00, with the most expensive house in Ludington, MI, topping out at $12,322,588.00 and the cheapest home in Ludington, MI, clocking in at $10,705.00. In other words, there’s something for every potential homebuyer or savvy investor in Ludington, MI!

Rent Prices In Ludington, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ludington, MI, is on a rollercoaster ride. The average rent price in Ludington, MI, is $1,385.00. Indeed, when looking to rent in Ludington, MI, you can expect to pay as little as $590.00 or as much as $1,960.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Ludington, 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.

Cheap Homes in Ludington, MI 49431

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