Republic, MI Foreclosures
How much do homes sell for in Republic, MI?
The average home price is currently $204,190.
In Republic, MI, how many homes are available?
There are currently 27 active home listings available in Republic.
What’s the average rental cost in Republic, MI?
The average rental price in Republic is $1,185.
What is the most expensive home in Republic?
The most expensive home sold in Republic had a price of $1,131,774.
What is currently the cheapest priced home in Republic, MI?
The cheapest home for sale in Republic is priced at $26,588.
Living in Republic, MI
Republic, Michigan, is a small town in the heart of the Upper Peninsula with a rich history and a welcoming community. With its access to outdoor activities such as hiking, fishing, and snowmobiling, it offers an ideal lifestyle for nature lovers. The town is served by the Republic-Michigamme School District, enhancing its appeal for families seeking a peaceful environment in which to live and grow.
Current Market Conditions in Republic, MI
The current real estate market in Republic, MI, is showing signs of growth as demand for housing in rural areas increases. With many individuals seeking properties that offer privacy, spaciousness, and access to nature, Republic is becoming an appealing option. Prices for homes in the area have seen a moderate increase as more buyers are drawn to the lifestyle offered in the Upper Peninsula, especially those looking for vacation homes or retirement options.
As of the latest reports, the market remains relatively balanced, with average days on the market being reasonable, indicating that buyers are actively seeking homes. The unique local charm combined with affordability continues to attract interest from outside the area, contributing to a steady increase in home values.
Home Value Estimator For Republic, MI
There are currently 912 real estate properties
in Republic, MI,
with a median automated valuation model (AVM) price
of $165,176.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Republic, 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 Republic, MI,
is $204,190.00, with the most expensive house
in Republic, MI, topping out
at $1,131,774.00 and the cheapest home
in Republic, MI,
clocking in at $26,588.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Republic, MI!
Rent Prices
In Republic, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Republic, MI, is on
a rollercoaster ride. The
average rent price in Republic, MI,
is $1,185.00. Indeed, when looking to rent in
Republic, MI, you can expect to pay as little
as $600.00 or as much
as $2,220.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Republic, 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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