Palmer, MI Foreclosures
How much do homes sell for in Palmer, MI?
The average home price is currently $109,632.
What’s the average rental cost in Palmer, MI?
The average rental price in Palmer is $1,105.
What is the most expensive home in Palmer?
The most expensive home sold in Palmer had a price of $416,500.
What is currently the cheapest priced home in Palmer, MI?
The cheapest home for sale in Palmer is priced at $11,031.
Living in Palmer, MI
Palmer, MI, is a quaint community situated in the serene Upper Peninsula. Known for its natural beauty and outdoor recreational activities, Palmer offers a peaceful lifestyle influenced by friendly neighbors and a vibrant local culture. Residents enjoy proximity to outdoor adventures, essential amenities, and a strong sense of community.
Current Market Conditions in Palmer, MI
The real estate market in Palmer, MI, has shown moderate stability over the recent months. With a limited inventory of homes available, demand has remained consistent among potential buyers. A diverse range of prices caters to different demographics, including families looking for affordable options and individuals seeking larger homes.
Current trends suggest a slow but steady increase in home values due to the community's appeal and the ongoing interest from buyers looking for a rural retreat. Palmer's charm continues to attract those wanting to escape urban life, contributing to a competitive market.
Home Value Estimator For Palmer, MI
There are currently 181 real estate properties
in Palmer, MI,
with a median automated valuation model (AVM) price
of $103,477.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Palmer, 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 Palmer, MI,
is $109,632.00, with the most expensive house
in Palmer, MI, topping out
at $416,500.00 and the cheapest home
in Palmer, MI,
clocking in at $11,031.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Palmer, MI!
Rent Prices
In Palmer, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Palmer, MI, is on
a rollercoaster ride. The
average rent price in Palmer, MI,
is $1,105.00. Indeed, when looking to rent in
Palmer, MI, you can expect to pay as little
as $760.00 or as much
as $1,440.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Palmer, 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
