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Land Foreclosures in New Lothrop, MI

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New Lothrop, MI Foreclosures

How much do homes sell for in New Lothrop, MI?
The average home price is currently $254,906.
In New Lothrop, MI, how many homes are available?
There are currently 1 active home listings available in New Lothrop.
What’s the average rental cost in New Lothrop, MI?
The average rental price in New Lothrop is $1,482.
What is the most expensive home in New Lothrop?
The most expensive home sold in New Lothrop had a price of $1,059,580.
What is currently the cheapest priced home in New Lothrop, MI?
The cheapest home for sale in New Lothrop is priced at $13,288.

Living in New Lothrop, MI

New Lothrop, situated in Shiawassee County, is a charming rural village that offers a laid-back lifestyle with access to outdoor activities. Known for its friendly community and quality schools, it provides a safe environment for families. The area is surrounded by scenic farmland, making it perfect for nature lovers.

Current Market Conditions in New Lothrop, MI

The real estate market in New Lothrop currently reflects a stable environment with modest growth observed over the past few months. Home prices have been consistent, driven by the demand for affordable housing in rural areas. Local amenities and community events contribute to the village's appeal, drawing buyers looking for tranquility and community spirit.

As the region continues to develop, modest appreciation in home values is expected, while inventory remains limited, creating opportunities for sellers.

Home Value Estimator For New Lothrop, MI

There are currently 919 real estate properties in New Lothrop, MI, with a median automated valuation model (AVM) price of $230,553.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Lothrop, 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 New Lothrop, MI, is $254,906.00, with the most expensive house in New Lothrop, MI, topping out at $1,059,580.00 and the cheapest home in New Lothrop, MI, clocking in at $13,288.00. In other words, there’s something for every potential homebuyer or savvy investor in New Lothrop, MI!

Rent Prices In New Lothrop, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Lothrop, MI, is on a rollercoaster ride. The average rent price in New Lothrop, MI, is $1,482.00. Indeed, when looking to rent in New Lothrop, MI, you can expect to pay as little as $840.00 or as much as $2,210.00, with the average rent median estimated to be $1,470.00. The good news is that finding an affordable and desirable property to rent in New Lothrop, 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.

New Lothrop, MI Land

Market Trend for New Lothrop, MI

Total Listings Available: 1

Market Values:

Home Prices from $13,288 to $1,059,580

Average Sales Price: $254,906

Rental Values:

Rental from $840 to $2,210

Average Rent Value: $1,482 / month

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