Living in Mikado, MI
Mikado, MI, is a quaint town that offers a peaceful lifestyle amidst beautiful natural surroundings. Known for its friendly community and outdoor activities, it features local businesses and provides a family-friendly atmosphere. With recreational opportunities and a slower pace, it is a desirable location for both families and retirees.
Current Market Conditions in Mikado, MI
The real estate market in Mikado is currently stable, with a mix of affordable housing options and some higher-end listings. Investors looking for a tranquil retreat with potential for rental properties or vacation homes may find great opportunities here as more people seek out quiet, natural settings.
Over the past year, property values have shown a modest increase due to rising interest in rural living and the area's recreational offerings. The market is still accessible for first-time homebuyers, making it an attractive option for investment.
Home Value Estimator For Mikado, MI
There are currently 747 real estate properties
in Mikado, MI,
with a median automated valuation model (AVM) price
of $139,104.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mikado, 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 Mikado, MI,
is $159,162.00, with the most expensive house
in Mikado, MI, topping out
at $867,200.00 and the cheapest home
in Mikado, MI,
clocking in at $17,680.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mikado, MI!
Rent Prices
In Mikado, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mikado, MI, is on
a rollercoaster ride. The
average rent price in Mikado, MI,
is $1,279.00. Indeed, when looking to rent in
Mikado, MI, you can expect to pay as little
as $590.00 or as much
as $2,000.00,
with the average rent median estimated to
be $1,280.00. The good news is that finding
an affordable and desirable property to rent in Mikado, 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.
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