Melvin, MI Foreclosures
How much do homes sell for in Melvin, MI?
The average home price is currently $210,424.
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 $764,960.
What is currently the cheapest priced home in Melvin, MI?
The cheapest home for sale in Melvin is priced at $59,641.
Living in Melvin, MI
Melvin, MI is a quaint rural community offering a peaceful lifestyle with a strong sense of community. Residents enjoy plentiful outdoor activities amidst beautiful natural surroundings, along with local farming opportunities. With easy access to larger urban areas, Melvin is perfect for those seeking tranquility without sacrificing connectivity.
Current Market Conditions in Melvin, MI
The real estate market in Melvin, MI has shown steady growth over the past year, driven by an increasing demand for rural properties as more people seek affordable housing outside of urban centers. Homes in Melvin are typically priced lower than suburban areas, making it an attractive option for first-time homebuyers and families looking to settle down in a friendly neighborhood.
As the remote work trend continues, more buyers are looking for locations that provide peace and quality of life, thus elevating Melvin's appeal. The steady influx of new residents has also led to a slight increase in home values, signaling a healthy demand for real estate in the area.
Home Value Estimator For Melvin, MI
There are currently 474 real estate properties
in Melvin, MI,
with a median automated valuation model (AVM) price
of $194,701.00. 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 $210,424.00, with the most expensive house
in Melvin, MI, topping out
at $764,960.00 and the cheapest home
in Melvin, MI,
clocking in at $59,641.00. 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.
Learn more on Foreclosure homes
