Foreclosure Homes in Mancelona, MI 49659

Current Market Conditions in Mancelona, MI

The real estate market in Mancelona is witnessing a steady growth trend, with home prices increasing due to rising demand for affordable housing near outdoor recreational areas. Many buyers are attracted to Mancelona for its peaceful living environment, which, coupled with access to nature, creates an appealing option for those relocating from more urban areas.

However, inventory is somewhat limited, meaning that buyers need to act quickly when a desirable property comes onto the market. This creates a competitive atmosphere, bolstering investment opportunities for those looking to develop rental or vacation properties.

Rent Prices In Mancelona, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mancelona, MI, is on a rollercoaster ride. The average rent price in Mancelona, MI, is $1,294.00. Indeed, when looking to rent in Mancelona, MI, you can expect to pay as little as $590.00 or as much as $2,790.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Mancelona, 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.