There are currently 12 real estate properties in Big Bay, MI, with a median automated valuation model (AVM) price of $149,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Big Bay, 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 Big Bay, MI, is $186,958.00, with the most expensive house in Big Bay, MI, topping out at $389,000.00 and the cheapest home in Big Bay, MI, clocking in at $57,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Big Bay, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Big Bay, MI, is on a rollercoaster ride. The average rent price in Big Bay, MI, is $1,222.00. Indeed, when looking to rent in Big Bay, MI, you can expect to pay as little as $890.00 or as much as $1,520.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Big Bay, 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 Big Bay, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Big Bay, MI and much more. Save thousands at closing with home foreclosure listings in Big Bay, MI — up to 75% off market value!
Big Bay is located in Marquette, Michigan, with an estimated municipal population of 189 residents. All of the best foreclosed homes for sale in Big Bay are located in the following zip code areas on Foreclosure.com: 49855 49808. The estimated population per square kilometer (.62 miles) in Big Bay is 19.
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 Big Bay, 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 Big Bay is 61.2, split between 42.9 percent male versus 57.1 female. The percentage of residents who report being married in Big Bay is 45.4, with an average family size of 2.22.
The percentage of residents who report their race in Big Bay is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Big Bay? Or maybe you are searching for 55+ active adult communities in and/or near Big Bay?
The percentage of residents who report their age in Big Bay 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 Big Bay with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Big Bay.
How do you know that living in -- or moving to -- Big Bay is right where you need to be? Perhaps you grew up in Big Bay or already live nearby; therefore, the decision to buy a home in Big Bay is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Big Bay 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 Big Bay:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Big Bay.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Big Bay can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Big Bay, meanwhile, can field multiple offers from more qualified buyers.