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Preforeclosure Homes in Marquette, MI

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Living in Marquette, MI

Marquette, MI is a picturesque city on Lake Superior, famous for its outdoor recreation, vibrant arts scene, and strong sense of community. With excellent educational institutions and a variety of amenities, it offers a quality lifestyle alongside attractive investment opportunities. The blend of natural beauty and urban convenience makes it an appealing location for real estate investors.

Current Market Conditions in Marquette, MI

The real estate market in Marquette remains strong, characterized by steady demand and a growing population. Homes in this region are often sought after due to the area's scenic views, outdoor activities, and community amenities, leading to a competitive market environment.

Recently, there has been an upward trend in home values, particularly for properties near the waterfront or close to amenities. Investors can find lucrative opportunities as more people are drawn to the area for both year-round living and seasonal visits.

Home Value Estimator For Marquette, MI

There are currently 10,847 real estate properties in Marquette, MI, with a median automated valuation model (AVM) price of $328,038.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Marquette, 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 Marquette, MI, is $364,769.00, with the most expensive house in Marquette, MI, topping out at $3,341,632.00 and the cheapest home in Marquette, MI, clocking in at $19,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Marquette, MI!

Rent Prices In Marquette, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Marquette, MI, is on a rollercoaster ride. The average rent price in Marquette, MI, is $1,467.00. Indeed, when looking to rent in Marquette, MI, you can expect to pay as little as $620.00 or as much as $2,160.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Marquette, 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.

Marquette, MI Preforeclosure Homes


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