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Foreclosures in Stephenson, MI 49887

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Living in Stephenson, MI

Stephenson, MI, is a charming small town ideal for those seeking a peaceful lifestyle amidst nature. It offers various outdoor recreational opportunities and a close-knit community atmosphere. With essential amenities and schools nearby, it provides a suitable living environment for families and retirees alike.

Current Market Conditions in Stephenson, MI

The real estate market in Stephenson, MI, has shown stability in recent years, with home prices appreciating gradually. The town's affordability compared to larger metropolitan areas makes it an attractive option for first-time homebuyers and investors looking for rental properties.

Current trends indicate an increased interest in rural living, driving demand for real estate in Stephenson. As more people seek refuge from city life, the market is poised for growth, providing investment opportunities in a serene and desirable location.

Home Value Estimator For Stephenson, MI

There are currently 1,141 real estate properties in Stephenson, MI, with a median automated valuation model (AVM) price of $155,446.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Stephenson, 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 Stephenson, MI, is $183,466.00, with the most expensive house in Stephenson, MI, topping out at $8,732,600.00 and the cheapest home in Stephenson, MI, clocking in at $13,520.00. In other words, there’s something for every potential homebuyer or savvy investor in Stephenson, MI!

Rent Prices In Stephenson, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Stephenson, MI, is on a rollercoaster ride. The average rent price in Stephenson, MI, is $1,409.00. Indeed, when looking to rent in Stephenson, MI, you can expect to pay as little as $730.00 or as much as $2,000.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Stephenson, 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.

Stephenson, MI 49887 Foreclosures


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