Wallace, MI Foreclosures
How much do homes sell for in Wallace, MI?
The average home price is currently $216,434.
What’s the average rental cost in Wallace, MI?
The average rental price in Wallace is $1,445.
What is the most expensive home in Wallace?
The most expensive home sold in Wallace had a price of $615,268.
What is currently the cheapest priced home in Wallace, MI?
The cheapest home for sale in Wallace is priced at $38,928.
Living in Wallace, MI
Wallace, MI, is a charming small town nestled in Menominee County, known for its stunning natural surroundings and strong community spirit. With ample outdoor activities and a peaceful lifestyle, it attracts those looking for a quieter way of life. Residents enjoy access to lakes, forests, and numerous recreational opportunities throughout the year.
Current Market Conditions in Wallace, MI
The real estate market in Wallace, MI, is characterized by a range of available properties that are often priced below the national average. The demand for homes has remained steady, with buyers showing interest in both seasonal homes and permanent residences, especially among retirees and those seeking a second home near nature.
Investment interest in the area is on the rise, as many seek accommodations for outdoor recreational activities, pushing home values slightly upwards, while still maintaining affordability relative to surrounding areas.
Home Value Estimator For Wallace, MI
There are currently 780 real estate properties
in Wallace, MI,
with a median automated valuation model (AVM) price
of $211,473.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wallace, 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 Wallace, MI,
is $216,434.00, with the most expensive house
in Wallace, MI, topping out
at $615,268.00 and the cheapest home
in Wallace, MI,
clocking in at $38,928.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wallace, MI!
Rent Prices
In Wallace, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wallace, MI, is on
a rollercoaster ride. The
average rent price in Wallace, MI,
is $1,445.00. Indeed, when looking to rent in
Wallace, MI, you can expect to pay as little
as $670.00 or as much
as $2,270.00,
with the average rent median estimated to
be $1,500.00. The good news is that finding
an affordable and desirable property to rent in Wallace, 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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