There are currently 7,387 real estate properties in Ludington, MI, with a median automated valuation model (AVM) price of $258,461.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ludington, 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 Ludington, MI, is $327,626.00, with the most expensive house in Ludington, MI, topping out at $5,628,722.00 and the cheapest home in Ludington, MI, clocking in at $14,089.00. In other words, there’s something for every potential homebuyer or savvy investor in Ludington, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ludington, MI, is on a rollercoaster ride. The average rent price in Ludington, MI, is $1,389.00. Indeed, when looking to rent in Ludington, MI, you can expect to pay as little as $590.00 or as much as $1,960.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Ludington, 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.
Ludington is located in Mason, Michigan, with an estimated municipal population of 8,108 residents. All of the best foreclosed homes for sale in Ludington are located in the following zip code areas on Foreclosure.com: 49431. The estimated population per square kilometer (.62 miles) in Ludington is 931.
So, about how much do homes cost in Ludington? The most recent median value of resident-owned homes in Ludington is 125,539. An estimated 58.5 percent of households in Ludington own their homes, with an average family size of 2.91. The median household income in Ludington is 45,302, with15.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ludington, the median commute time of resident workers (in minutes) is 11.3. And last, but certainly not least, are you looking for homes to rent in Ludington? If so, the average rent price paid by renters in Ludington is 665, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Ludington, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Ludington is 43.9, split between 45.5 percent male versus 54.5 female. The percentage of residents who report being married in Ludington is 42.1, with an average family size of 2.91.
The percentage of residents who report their race in Ludington is as follows:
| White | 95.3% |
| Black / African American | 1.2% |
| Asian | 0.2% |
| American Indian / Alaskan Native | 1.5% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.5% |
| Other | 0.3% |
Looking for family-friendly neighborhoods in and/or near Ludington? Or maybe you are searching for 55+ active adult communities in and/or near Ludington?
The percentage of residents who report their age in Ludington is as follows:
| Under 10 | 9.3% |
| Aged 10-19 | 13.5% |
| 20s | 10.8% |
| 30s | 11.1% |
| 40s | 11.4% |
| 50s | 14.1% |
| 60s | 13.5% |
| 70s | 9.4% |
| 80+ | 6.8% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Ludington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ludington.
How do you know that living in -- or moving to -- Ludington is right where you need to be? Perhaps you grew up in Ludington or already live nearby; therefore, the decision to buy a home in Ludington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ludington for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Ludington:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ludington.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ludington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ludington, meanwhile, can field multiple offers from more qualified buyers.
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