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Rent To Own Homes in Petersburg, MI

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Petersburg, MI Foreclosures

How much do homes sell for in Petersburg, MI?
The average home price is currently $324,647.
In Petersburg, MI, how many homes are available?
There are currently 1 active home listings available in Petersburg.
What’s the average rental cost in Petersburg, MI?
The average rental price in Petersburg is $1,335.
What is the most expensive home in Petersburg?
The most expensive home sold in Petersburg had a price of $1,892,665.
What is currently the cheapest priced home in Petersburg, MI?
The cheapest home for sale in Petersburg is priced at $14,909.

Living in Petersburg, MI

Petersburg, MI is a welcoming village in Monroe County known for its community-oriented lifestyle and beautiful outdoor spaces. Residents enjoy a range of local shops, dining options, and parks that enhance the family-friendly atmosphere. Whether you're seeking a quiet place to settle down or outdoor adventures, Petersburg has something to offer everyone.

Current Market Conditions in Petersburg, MI

The real estate market in Petersburg, MI has shown steady growth over the past year, characterized by a slight increase in home prices and a decrease in inventory, indicating a competitive market.

Investors and homebuyers are drawn to Petersburg due to its affordability compared to neighboring areas, with many homes still available under $200,000.

Home Value Estimator For Petersburg, MI

There are currently 2,206 real estate properties in Petersburg, MI, with a median automated valuation model (AVM) price of $295,282.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Petersburg, 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 Petersburg, MI, is $324,647.00, with the most expensive house in Petersburg, MI, topping out at $1,892,665.00 and the cheapest home in Petersburg, MI, clocking in at $14,909.00. In other words, there’s something for every potential homebuyer or savvy investor in Petersburg, MI!

Rent Prices In Petersburg, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Petersburg, MI, is on a rollercoaster ride. The average rent price in Petersburg, MI, is $1,335.00. Indeed, when looking to rent in Petersburg, MI, you can expect to pay as little as $740.00 or as much as $2,830.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Petersburg, 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.

Petersburg, MI Rent To Own Homes

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