Foreclosure Homes in Spring Arbor, MI 49283

Buyer vs Seller Market in Spring Arbor, MI

The real estate market in Spring Arbor, MI is currently experiencing a moderate growth trend, with an increase in home prices and a decrease in inventory. Homes in this area are in demand due to its appealing community and educational facilities, leading to quicker sales for desirable properties.

Properties are selling at an average price of around $250,000, which is a slight increase from the previous year. The market remains attractive for buyers looking for family homes near reputable schools and community resources.

Rent Prices In Spring Arbor, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spring Arbor, MI, is on a rollercoaster ride. The average rent price in Spring Arbor, MI, is $1,255.00. Indeed, when looking to rent in Spring Arbor, MI, you can expect to pay as little as $610.00 or as much as $2,080.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Spring Arbor, 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.