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Foreclosures in Luzerne, MI 48636

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Living in Luzerne, MI

Luzerne, MI is a charming village offering a serene lifestyle surrounded by beautiful nature. It features various outdoor activities, engaging community events, and a peaceful atmosphere. With easy access to daily amenities, Luzerne is perfect for those seeking a retreat from bustling city life.

Current Market Conditions in Luzerne, MI

The real estate market in Luzerne is relatively stable, with homes often priced affordably compared to larger urban areas. Recent trends show a steady interest in vacation homes as more buyers seek properties in serene locations for weekend getaways.

Lower inventory and increasing buyer interest have led to a competitive market in certain segments, particularly for homes near lakes and recreational areas. Investors may find potential for appreciation as the demand for recreational properties continues to grow.

Home Value Estimator For Luzerne, MI

There are currently 828 real estate properties in Luzerne, MI, with a median automated valuation model (AVM) price of $96,484.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luzerne, 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 Luzerne, MI, is $127,137.00, with the most expensive house in Luzerne, MI, topping out at $1,187,595.00 and the cheapest home in Luzerne, MI, clocking in at $21,609.00. In other words, there’s something for every potential homebuyer or savvy investor in Luzerne, MI!

Rent Prices In Luzerne, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luzerne, MI, is on a rollercoaster ride. The average rent price in Luzerne, MI, is $1,160.00. Indeed, when looking to rent in Luzerne, MI, you can expect to pay as little as $600.00 or as much as $1,880.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Luzerne, 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.

Luzerne, MI 48636 Foreclosures


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