Palmer, MI Foreclosures
How much do homes sell for in Palmer, MI?
The average home price is currently $109,359.
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 $313,436.
What is currently the cheapest priced home in Palmer, MI?
The cheapest home for sale in Palmer is priced at $11,091.
Living in Palmer, MI
Palmer, MI is a quaint and scenic community nestled in the heart of Michigan's Upper Peninsula. Known for its natural beauty and friendly residents, it is an ideal location for those seeking a peaceful life with plenty of outdoor activities. From hiking and fishing to local community events, Palmer offers a relaxed yet engaging lifestyle.
Current Market Conditions in Palmer, MI
The real estate market in Palmer is stable, with a mix of residential properties available for potential buyers. Homes in the area are typically priced affordably compared to larger cities in Michigan, making it an appealing option for first-time homebuyers or retirees looking for a more tranquil environment.
In recent trends, there has been a slight uptick in demand for homes in Palmer, particularly among those looking for vacation properties or a second home in the Upper Peninsula. This can be attributed to the area's natural beauty and outdoor recreational opportunities.
Home Value Estimator For Palmer, MI
There are currently 170 real estate properties
in Palmer, MI,
with a median automated valuation model (AVM) price
of $106,185.00. 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 $109,359.00, with the most expensive house
in Palmer, MI, topping out
at $313,436.00 and the cheapest home
in Palmer, MI,
clocking in at $11,091.00. 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.
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