Mackinac Island, MI Foreclosures
How much do homes sell for in Mackinac Island, MI?
The average home price is currently $930,978.
What’s the average rental cost in Mackinac Island, MI?
The average rental price in Mackinac Island is $1,755.
What is the most expensive home in Mackinac Island?
The most expensive home sold in Mackinac Island had a price of $8,674,002.
What is currently the cheapest priced home in Mackinac Island, MI?
The cheapest home for sale in Mackinac Island is priced at $68,015.
Living in Mackinac Island, MI
Mackinac Island, MI, is a picturesque destination rich in history and charm. This unique location boasts a vibrant lifestyle centered around outdoor activities and community engagement, with car-free transportation enhancing its tranquil ambiance. With a focus on sustainability and preservation, this island offers a one-of-a-kind living experience for both residents and visitors.
Current Market Conditions in Mackinac Island, MI
The real estate market in Mackinac Island is characterized by a unique blend of seasonal and year-round properties, often attracting investors interested in vacation rentals and historical homes. Due to its limited land and specific zoning regulations, property values have seen steady appreciation, making it a compelling market for those looking to invest in a standout destination.
Recent trends indicate an increasing interest in eco-friendly and sustainable living spaces, aligning with the island's commitment to preserving its natural beauty. Investors are recognizing the potential for long-term growth as more people seek out properties that offer a balance of adventure, community, and heritage.
Home Value Estimator For Mackinac Island, MI
There are currently 501 real estate properties
in Mackinac Island, MI,
with a median automated valuation model (AVM) price
of $587,523.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mackinac Island, 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 Mackinac Island, MI,
is $930,978.00, with the most expensive house
in Mackinac Island, MI, topping out
at $8,674,002.00 and the cheapest home
in Mackinac Island, MI,
clocking in at $68,015.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mackinac Island, MI!
Rent Prices
In Mackinac Island, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mackinac Island, MI, is on
a rollercoaster ride. The
average rent price in Mackinac Island, MI,
is $1,755.00. Indeed, when looking to rent in
Mackinac Island, MI, you can expect to pay as little
as $1,010.00 or as much
as $2,260.00,
with the average rent median estimated to
be $1,840.00. The good news is that finding
an affordable and desirable property to rent in Mackinac Island, 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.
Learn more on Foreclosure homes
