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Foreclosure Homes in Michigamme, MI

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Michigamme, MI Foreclosures

How much do homes sell for in Michigamme, MI?
The average home price is currently $257,617.
In Michigamme, MI, how many homes are available?
There are currently 29 active home listings available in Michigamme.
What’s the average rental cost in Michigamme, MI?
The average rental price in Michigamme is $1,226.
What is the most expensive home in Michigamme?
The most expensive home sold in Michigamme had a price of $2,391,230.
What is currently the cheapest priced home in Michigamme, MI?
The cheapest home for sale in Michigamme is priced at $10,942.

Living in Michigamme, MI

Michigamme, MI is a tranquil village nestled by the shores of Lake Michigamme, perfect for nature lovers and those seeking a relaxed lifestyle. It boasts access to numerous outdoor activities including fishing and hiking, while fostering a tight-knit community atmosphere.

Current Market Conditions in Michigamme, MI

The real estate market in Michigamme has shown signs of stability, with a steady demand for properties particularly among those seeking vacation homes and investment opportunities. The prices have remained relatively affordable compared to larger metropolitan areas, which appeals to both buyers and investors.

With the growing interest in rural living and outdoor recreation, properties in Michigamme are attracting a variety of buyers, from retirees looking for serenity to families wanting a unique lifestyle away from urban congestion.

Home Value Estimator For Michigamme, MI

There are currently 819 real estate properties in Michigamme, MI, with a median automated valuation model (AVM) price of $212,792.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Michigamme, 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 Michigamme, MI, is $257,617.00, with the most expensive house in Michigamme, MI, topping out at $2,391,230.00 and the cheapest home in Michigamme, MI, clocking in at $10,942.00. In other words, there’s something for every potential homebuyer or savvy investor in Michigamme, MI!

Rent Prices In Michigamme, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Michigamme, MI, is on a rollercoaster ride. The average rent price in Michigamme, MI, is $1,226.00. Indeed, when looking to rent in Michigamme, MI, you can expect to pay as little as $610.00 or as much as $2,160.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Michigamme, 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.

Michigamme, MI Foreclosures


Market Trend for Michigamme, MI

Total Listings Available: 29

Market Values:

Home Prices from $10,942 to $2,391,230

Average Sales Price: $257,617

Rental Values:

Rental from $610 to $2,160

Average Rent Value: $1,226 / month

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