Marenisco, MI Foreclosures
How much do homes sell for in Marenisco, MI?
The average home price is currently $210,933.
In Marenisco, MI, how many homes are available?
There are currently 1 active home listings available in Marenisco.
What’s the average rental cost in Marenisco, MI?
The average rental price in Marenisco is $1,236.
What is the most expensive home in Marenisco?
The most expensive home sold in Marenisco had a price of $720,252.
What is currently the cheapest priced home in Marenisco, MI?
The cheapest home for sale in Marenisco is priced at $48,651.
Living in Marenisco, MI
Marensico, MI, is a tranquil town in Michigan’s Upper Peninsula known for its beautiful natural surroundings and close-knit community. With plenty of outdoor activities, admirable local amenities, and a supportive educational environment, it is an ideal place for families or anyone seeking a peaceful lifestyle in nature.
Current Market Conditions in Marenisco, MI
The real estate market in Marensico has shown consistent growth over the past few years, supported by its appeal as a rural retreat. With a blend of affordable homes and charming cabins, the area attracts buyers looking for a mix of permanent residences and vacation homes. This demand, alongside the area's stunning landscapes, adds to its desirability.
As the area continues to gain popularity, home values are on the rise, although they remain accessible compared to urban centers. Investors are taking note of Marensico’s potential, with a variety of properties available, allowing for both investment opportunities and personal residences.
Home Value Estimator For Marenisco, MI
There are currently 94 real estate properties
in Marenisco, MI,
with a median automated valuation model (AVM) price
of $168,707.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Marenisco, 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 Marenisco, MI,
is $210,933.00, with the most expensive house
in Marenisco, MI, topping out
at $720,252.00 and the cheapest home
in Marenisco, MI,
clocking in at $48,651.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Marenisco, MI!
Rent Prices
In Marenisco, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Marenisco, MI, is on
a rollercoaster ride. The
average rent price in Marenisco, MI,
is $1,236.00. Indeed, when looking to rent in
Marenisco, MI, you can expect to pay as little
as $840.00 or as much
as $1,940.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Marenisco, 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
