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Foreclosure Homes in Ontonagon, MI 49953

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Ontonagon, MI Foreclosures

How much do homes sell for in Ontonagon, MI?
The average home price is currently $149,343.
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 $1,619,366.
What is currently the cheapest priced home in Ontonagon, MI?
The cheapest home for sale in Ontonagon is priced at $23,381.

Living in Ontonagon, MI

Ontonagon, MI, is a charming village situated on the southern shore of Lake Superior, known for its stunning landscapes and abundant outdoor activities. This tight-knit community is ideal for nature lovers, offering ample opportunities for fishing, hiking, and exploring the great outdoors. With its blend of culture and natural beauty, Ontonagon is a hidden gem in Michigan’s Upper Peninsula.

Current Market Conditions in Ontonagon, MI

The real estate market in Ontonagon has shown steady growth over the past few years, with an increase in demand for both seasonal and year-round homes. Prices have remained relatively affordable compared to other areas in Michigan, making it an attractive option for buyers seeking a peaceful retreat.

With the rise of remote work, more individuals are looking to relocate to areas such as Ontonagon for its natural beauty and affordable housing. This trend has lead to competitive bidding in some cases, especially for homes close to the waterfront.

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 $122,557.00. 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 $149,343.00, with the most expensive house in Ontonagon, MI, topping out at $1,619,366.00 and the cheapest home in Ontonagon, MI, clocking in at $23,381.00. 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 49953 Foreclosures


Market Trend for Ontonagon, MI

Total Listings Available: 2

Market Values:

Home Prices from $23,381 to $1,619,366

Average Sales Price: $149,343

Rental Values:

Rental from $800 to $2,140

Average Rent Value: $1,382 / month

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