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Foreclosure Homes in Melvin, MI 48454

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Melvin, MI Foreclosures

How much do homes sell for in Melvin, MI?
The average home price is currently $207,006.
In Melvin, MI, how many homes are available?
There are currently 3 active home listings available in Melvin.
What’s the average rental cost in Melvin, MI?
The average rental price in Melvin is $1,422.
What is the most expensive home in Melvin?
The most expensive home sold in Melvin had a price of $663,342.
What is currently the cheapest priced home in Melvin, MI?
The cheapest home for sale in Melvin is priced at $54,802.

Living in Melvin, MI

Melvin, MI is a small rural community known for its friendly atmosphere and natural beauty. The area offers a peaceful lifestyle with access to local amenities, community events, and outdoor activities. With a tight-knit community and an abundance of recreational opportunities, Melvin is an inviting place to call home.

Current Market Conditions in Melvin, MI

The real estate market in Melvin is currently steady with a variety of homes available for sale. Prices remain affordable, making it an attractive option for first-time homebuyers and those looking for a quieter lifestyle away from the hustle of urban living.

Recent trends indicate a slight increase in demand for properties in rural areas like Melvin, as many people are seeking larger spaces and outdoor areas during and after the pandemic. This trend is likely to continue as remote work and lifestyle changes persist.

Home Value Estimator For Melvin, MI

There are currently 433 real estate properties in Melvin, MI, with a median automated valuation model (AVM) price of $192,392.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melvin, 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 Melvin, MI, is $207,006.00, with the most expensive house in Melvin, MI, topping out at $663,342.00 and the cheapest home in Melvin, MI, clocking in at $54,802.00. In other words, there’s something for every potential homebuyer or savvy investor in Melvin, MI!

Rent Prices In Melvin, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melvin, MI, is on a rollercoaster ride. The average rent price in Melvin, MI, is $1,422.00. Indeed, when looking to rent in Melvin, MI, you can expect to pay as little as $1,040.00 or as much as $2,220.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Melvin, 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.

Melvin, MI 48454 Foreclosures

Market Trend for Melvin, MI

Total Listings Available: 3

Market Values:

Home Prices from $54,802 to $663,342

Average Sales Price: $207,006

Rental Values:

Rental from $1,040 to $2,220

Average Rent Value: $1,422 / month

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