There are currently 10,547 real estate properties in Benton Harbor, MI, with a median automated valuation model (AVM) price of $137,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Benton Harbor, 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 Benton Harbor, MI, is $190,555.00, with the most expensive house in Benton Harbor, MI, topping out at $5,822,800.00 and the cheapest home in Benton Harbor, MI, clocking in at $15,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Benton Harbor, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Benton Harbor, MI, is on a rollercoaster ride. The average rent price in Benton Harbor, MI, is $1,268.00. Indeed, when looking to rent in Benton Harbor, MI, you can expect to pay as little as $520.00 or as much as $2,560.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Benton Harbor, 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.
Benton Harbor is located in Berrien, Michigan, with an estimated municipal population of 9,741 residents. All of the best foreclosed homes for sale in Benton Harbor are located in the following zip code areas on Foreclosure.com: 49022 49023. The estimated population per square kilometer (.62 miles) in Benton Harbor is 858.
So, about how much do homes cost in Benton Harbor? The most recent median value of resident-owned homes in Benton Harbor is 64,420. An estimated 36.6 percent of households in Benton Harbor own their homes, with an average family size of 3.21. The median household income in Benton Harbor is 21,916, with3.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Benton Harbor, the median commute time of resident workers (in minutes) is 15.3. And last, but certainly not least, are you looking for homes to rent in Benton Harbor? If so, the average rent price paid by renters in Benton Harbor is 644, 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 Benton Harbor, 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 Benton Harbor is 33.7, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Benton Harbor is 23.6, with an average family size of 3.21.
The percentage of residents who report their race in Benton Harbor is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Benton Harbor? Or maybe you are searching for 55+ active adult communities in and/or near Benton Harbor?
The percentage of residents who report their age in Benton Harbor 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 Benton Harbor with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Benton Harbor.
How do you know that living in -- or moving to -- Benton Harbor is right where you need to be? Perhaps you grew up in Benton Harbor or already live nearby; therefore, the decision to buy a home in Benton Harbor is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Benton Harbor 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 Benton Harbor:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Benton Harbor.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Benton Harbor can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Benton Harbor, meanwhile, can field multiple offers from more qualified buyers.
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