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Preforeclosure 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 $154,323.
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 $1,464,700.
What is currently the cheapest priced home in Ontonagon, MI?
The cheapest home for sale in Ontonagon is priced at $23,144.

Living in Ontonagon, MI

Ontonagon, Michigan, is a quaint village located along the shores of Lake Superior, known for its stunning natural beauty and rich history. This small community offers a peaceful lifestyle with ample recreational opportunities, including hiking, fishing, and winter sports. Residents enjoy a close-knit atmosphere while being surrounded by scenic views and outdoor adventures.

Current Market Conditions in Ontonagon, MI

The real estate market in Ontonagon shows signs of stability, with steady demand for homes in the area. The affordability of properties relative to the larger Michigan market attracts buyers looking for vacation homes or permanent residences. Overall, the market remains active, with a mix of historical homes and new constructions available.

As Ontonagon continues to develop its tourism sector, particularly in outdoor recreation and eco-tourism, interest in local real estate is on the rise. Properties close to natural attractions are becoming particularly sought after.

Home Value Estimator For Ontonagon, MI

There are currently 1,475 real estate properties in Ontonagon, MI, with a median automated valuation model (AVM) price of $125,252.00. 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 $154,323.00, with the most expensive house in Ontonagon, MI, topping out at $1,464,700.00 and the cheapest home in Ontonagon, MI, clocking in at $23,144.00. 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 Preforeclosure Homes


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