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Foreclosure Homes in Ontonagon, MI

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Ontonagon, MI Foreclosures

How much do homes sell for in Ontonagon, MI?
The average home price is currently $150,506.
In Ontonagon, MI, how many homes are available?
There are currently 2 active home listings available in Ontonagon.
What’s the average rental cost in Ontonagon, MI?
The average rental price in Ontonagon is $1,382.
What is the most expensive home in Ontonagon?
The most expensive home sold in Ontonagon had a price of $1,429,800.
What is currently the cheapest priced home in Ontonagon, MI?
The cheapest home for sale in Ontonagon is priced at $24,309.

Living in Ontonagon, MI

Ontonagon, MI, is a quaint village nestled on the shores of Lake Superior. It is famous for its outdoor recreational opportunities and rich natural surroundings. With a tight-knit community atmosphere, this location is perfect for nature lovers and those seeking peaceful living.

Current Market Conditions in Ontonagon, MI

The real estate market in Ontonagon has been experiencing modest growth over the past few months as more people seek out rural locations for remote work and leisure. Home prices have stabilized with slight increases in demand, especially for properties close to water and recreational areas.

Investors are noticing Ontonagon's potential due to its affordable housing market compared to other regions in Michigan. The charm of the Upper Peninsula and its outdoor lifestyle are driving interest in both purchase and rental properties.

Home Value Estimator For Ontonagon, MI

There are currently 1,476 real estate properties in Ontonagon, MI, with a median automated valuation model (AVM) price of $122,604.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ontonagon, 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 Ontonagon, MI, is $150,506.00, with the most expensive house in Ontonagon, MI, topping out at $1,429,800.00 and the cheapest home in Ontonagon, MI, clocking in at $24,309.00. In other words, there’s something for every potential homebuyer or savvy investor in Ontonagon, MI!

Rent Prices In Ontonagon, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ontonagon, MI, is on a rollercoaster ride. The average rent price in Ontonagon, MI, is $1,382.00. Indeed, when looking to rent in Ontonagon, MI, you can expect to pay as little as $800.00 or as much as $2,140.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Ontonagon, 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.

Ontonagon, MI Foreclosures


Market Trend for Ontonagon, MI

Total Listings Available: 2

Market Values:

Home Prices from $24,309 to $1,429,800

Average Sales Price: $150,506

Rental Values:

Rental from $800 to $2,140

Average Rent Value: $1,382 / month

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