There are currently 4,198 real estate properties in Twin Lake, MI, with a median automated valuation model (AVM) price of $188,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Twin Lake, 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 Twin Lake, MI, is $207,401.00, with the most expensive house in Twin Lake, MI, topping out at $2,054,000.00 and the cheapest home in Twin Lake, MI, clocking in at $16,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Twin Lake, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Twin Lake, MI, is on a rollercoaster ride. The average rent price in Twin Lake, MI, is $1,417.00. Indeed, when looking to rent in Twin Lake, MI, you can expect to pay as little as $760.00 or as much as $2,600.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Twin Lake, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Twin Lake, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Twin Lake, MI and much more. Save thousands at closing with home foreclosure listings in Twin Lake, MI — up to 75% off market value!
Twin Lake is located in Muskegon, Michigan, with an estimated municipal population of 1,513 residents. All of the best foreclosed homes for sale in Twin Lake are located in the following zip code areas on Foreclosure.com: 49457. The estimated population per square kilometer (.62 miles) in Twin Lake is 246.
So, about how much do homes cost in Twin Lake? The most recent median value of resident-owned homes in Twin Lake is 162,595. An estimated 97.3 percent of households in Twin Lake own their homes, with an average family size of 2.61. The median household income in Twin Lake is 90,625, with39.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Twin Lake, the median commute time of resident workers (in minutes) is 25.7.
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 Twin Lake, 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 Twin Lake is 55.5, split between 43.9 percent male versus 56.1 female. The percentage of residents who report being married in Twin Lake is 76.3, with an average family size of 2.61.
The percentage of residents who report their race in Twin Lake is as follows:
| White | 99.2% |
| Black / African American | 0% |
| Asian | 0.8% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Twin Lake? Or maybe you are searching for 55+ active adult communities in and/or near Twin Lake?
The percentage of residents who report their age in Twin Lake is as follows:
| Under 10 | 6.4% |
| Aged 10-19 | 6.5% |
| 20s | 6.5% |
| 30s | 7.8% |
| 40s | 11.3% |
| 50s | 25.5% |
| 60s | 17.5% |
| 70s | 13.3% |
| 80+ | 5.3% |
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 Twin Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Twin Lake.
How do you know that living in -- or moving to -- Twin Lake is right where you need to be? Perhaps you grew up in Twin Lake or already live nearby; therefore, the decision to buy a home in Twin Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Twin Lake 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 Twin Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Twin Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Twin Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Twin Lake, meanwhile, can field multiple offers from more qualified buyers.
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