Spalding, MI Foreclosures
How much do homes sell for in Spalding, MI?
The average home price is currently $126,706.
What’s the average rental cost in Spalding, MI?
The average rental price in Spalding is $1,463.
What is the most expensive home in Spalding?
The most expensive home sold in Spalding had a price of $451,437.
What is currently the cheapest priced home in Spalding, MI?
The cheapest home for sale in Spalding is priced at $36,516.
Living in Spalding, MI
Spalding, MI is a quaint and peaceful village situated in Menominee County. It offers stunning natural surroundings, outdoor recreational activities, and a close-knit community atmosphere. Ideal for families and retirees, Spalding provides a relaxing lifestyle while maintaining convenience to nearby urban areas.
Current Market Conditions in Spalding, MI
The current real estate market in Spalding has seen a surge in interest as more people are looking to relocate to rural areas. Home prices have remained stable, with a slight increase noted over the past year, particularly for properties with larger lots and outdoor space.
Trends indicate that buyers are prioritizing homes with more bedrooms and land, reflecting a shift toward remote work and the desire for self-sufficient living. This has made the market competitive, especially for homes near natural amenities.
Moreover, the rental market is also experiencing growth as short-term rentals attract visitors looking to explore the scenic beauty of northern Michigan.
Home Value Estimator For Spalding, MI
There are currently 183 real estate properties
in Spalding, MI,
with a median automated valuation model (AVM) price
of $113,895.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spalding, 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 Spalding, MI,
is $126,706.00, with the most expensive house
in Spalding, MI, topping out
at $451,437.00 and the cheapest home
in Spalding, MI,
clocking in at $36,516.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spalding, MI!
Rent Prices
In Spalding, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spalding, MI, is on
a rollercoaster ride. The
average rent price in Spalding, MI,
is $1,463.00. Indeed, when looking to rent in
Spalding, MI, you can expect to pay as little
as $930.00 or as much
as $1,770.00,
with the average rent median estimated to
be $1,480.00. The good news is that finding
an affordable and desirable property to rent in Spalding, 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
