Living in Wakefield, MI
Wakefield, MI, is a picturesque town in the Upper Peninsula known for its close-knit community and outdoor recreational activities. With good schools and a peaceful atmosphere, it's an attractive location for families and real estate investors alike. The surrounding natural beauty enhances the charm of this small town.
Current Market Conditions in Wakefield, MI
The real estate market in Wakefield has shown steady growth, making it an appealing destination for investors looking for properties in a serene environment. Prices are relatively affordable compared to larger urban areas, providing an opportunity for significant return on investment.
With a mix of seasonal and year-round residents, demand for housing remains strong, particularly for rental properties catering to tourists and outdoor enthusiasts. First-time homebuyers are finding the area attractive due to its low entry prices.
Home Value Estimator For Wakefield, MI
There are currently 959 real estate properties
in Wakefield, MI,
with a median automated valuation model (AVM) price
of $103,195.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wakefield, 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 Wakefield, MI,
is $132,329.00, with the most expensive house
in Wakefield, MI, topping out
at $962,214.00 and the cheapest home
in Wakefield, MI,
clocking in at $15,102.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wakefield, MI!
Rent Prices
In Wakefield, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wakefield, MI, is on
a rollercoaster ride. The
average rent price in Wakefield, MI,
is $1,195.00. Indeed, when looking to rent in
Wakefield, MI, you can expect to pay as little
as $540.00 or as much
as $2,500.00,
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 Wakefield, 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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