Living in South Range, MI
South Range, MI is a picturesque community near Lake Superior, offering a blend of outdoor activities and a family-friendly atmosphere. Residents enjoy easy access to quality schools and nearby towns for additional amenities. The area's natural beauty and rich cultural events contribute to a welcoming community.
Current Market Conditions in South Range, MI
The real estate market in South Range, MI is currently viewed as stable with a modest increase in home values over the past few years. The demand for properties has seen a gradual rise, driven largely by families seeking affordable housing options in a serene environment.
Investors should note that homes in South Range tend to sell quickly, particularly those that are well-maintained. With an influx of interest in the area due to its outdoor activities and community feel, it is an opportune time for real estate investment.
Home Value Estimator For South Range, MI
There are currently 143 real estate properties
in South Range, MI,
with a median automated valuation model (AVM) price
of $129,458.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in South Range, 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 South Range, MI,
is $150,063.00, with the most expensive house
in South Range, MI, topping out
at $481,860.00 and the cheapest home
in South Range, MI,
clocking in at $57,308.00. In other words, there’s
something for every potential homebuyer
or savvy investor in South Range, MI!
Rent Prices
In South Range, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in South Range, MI, is on
a rollercoaster ride. The
average rent price in South Range, MI,
is $1,372.00. Indeed, when looking to rent in
South Range, MI, you can expect to pay as little
as $980.00 or as much
as $1,950.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in South Range, 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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