New Lothrop, MI Foreclosures
How much do homes sell for in New Lothrop, MI?
The average home price is currently $248,094.
What’s the average rental cost in New Lothrop, MI?
The average rental price in New Lothrop is $1,481.
What is the most expensive home in New Lothrop?
The most expensive home sold in New Lothrop had a price of $962,801.
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, Michigan, is a quaint village known for its warm community atmosphere. With a range of local amenities, parks, and schools, it offers a perfect balance of rural charm and modern conveniences. Residents enjoy a peaceful lifestyle with easy access to both outdoor and community activities.
Current Market Conditions in New Lothrop, MI
The real estate market in New Lothrop is currently experiencing steady growth. With a mix of affordable housing options and increasing demand for homes, buyers find a variety of listings that fit different budgets and preferences. Homes in the area typically sell quickly, highlighting the attractiveness of the village for new residents.
In recent months, there has been a noticeable increase in property values due to continuous interest from homebuyers looking for homes in quieter neighborhoods. As more people work remotely, the appeal of New Lothrop's spacious properties and natural surroundings has grown.
Home Value Estimator For New Lothrop, MI
There are currently 805 real estate properties
in New Lothrop, MI,
with a median automated valuation model (AVM) price
of $229,778.00. 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 $248,094.00, with the most expensive house
in New Lothrop, MI, topping out
at $962,801.00 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 $1,481.00. 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.
Learn more on Foreclosure homes
