There are currently 16 real estate properties in Bear Lake, MI, with a median automated valuation model (AVM) price of $255,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bear 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 Bear Lake, MI, is $378,413.00, with the most expensive house in Bear Lake, MI, topping out at $1,595,000.00 and the cheapest home in Bear Lake, MI, clocking in at $65,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Bear Lake, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bear Lake, MI, is on a rollercoaster ride. The average rent price in Bear Lake, MI, is $1,618.00. Indeed, when looking to rent in Bear Lake, MI, you can expect to pay as little as $1,160.00 or as much as $2,040.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Bear 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 Bear Lake, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Bear Lake, MI and much more. Save thousands at closing with home foreclosure listings in Bear Lake, MI — up to 75% off market value!
Bear Lake is located in Kalkaska, Michigan, with an estimated municipal population of 368 residents. All of the best foreclosed homes for sale in Bear Lake are located in the following zip code areas on Foreclosure.com: 49646. The estimated population per square kilometer (.62 miles) in Bear Lake is 24.
So, about how much do homes cost in Bear Lake? The most recent median value of resident-owned homes in Bear Lake is 127,468. An estimated 94.4 percent of households in Bear Lake own their homes, with an average family size of 2.33. The median household income in Bear Lake is 48,125, with6.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bear Lake, the median commute time of resident workers (in minutes) is 25.4.
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 Bear 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 Bear Lake is 61.1, split between 53.3 percent male versus 46.7 female. The percentage of residents who report being married in Bear Lake is 52.5, with an average family size of 2.33.
The percentage of residents who report their race in Bear Lake is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||1.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Bear Lake? Or maybe you are searching for 55+ active adult communities in and/or near Bear Lake?
The percentage of residents who report their age in Bear Lake is as follows:
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 Bear Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bear Lake.
How do you know that living in -- or moving to -- Bear Lake is right where you need to be? Perhaps you grew up in Bear Lake or already live nearby; therefore, the decision to buy a home in Bear Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bear 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 Bear Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bear Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bear Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bear Lake, meanwhile, can field multiple offers from more qualified buyers.