There are currently 1,026 real estate properties in Cement City, MI, with a median automated valuation model (AVM) price of $236,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cement City, 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 Cement City, MI, is $245,657.00, with the most expensive house in Cement City, MI, topping out at $756,900.00 and the cheapest home in Cement City, MI, clocking in at $60,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Cement City, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cement City, MI, is on a rollercoaster ride. The average rent price in Cement City, MI, is $1,334.00. Indeed, when looking to rent in Cement City, MI, you can expect to pay as little as $770.00 or as much as $2,250.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Cement City, 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 Cement City, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cement City, MI and much more. Save thousands at closing with home foreclosure listings in Cement City, MI — up to 75% off market value!
Cement City is located in Lenawee, Michigan, with an estimated municipal population of 427 residents. All of the best foreclosed homes for sale in Cement City are located in the following zip code areas on Foreclosure.com: 49233. The estimated population per square kilometer (.62 miles) in Cement City is 184.
So, about how much do homes cost in Cement City? The most recent median value of resident-owned homes in Cement City is 81,284. An estimated 79.1 percent of households in Cement City own their homes, with an average family size of 2.91. The median household income in Cement City is 41,023, with10.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cement City, the median commute time of resident workers (in minutes) is 23. And last, but certainly not least, are you looking for homes to rent in Cement City? If so, the average rent price paid by renters in Cement City is 694, 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 Cement City, 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 Cement City is 38.7, split between 55.6 percent male versus 44.4 female. The percentage of residents who report being married in Cement City is 45, with an average family size of 2.91.
The percentage of residents who report their race in Cement City is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||1.7%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Cement City? Or maybe you are searching for 55+ active adult communities in and/or near Cement City?
The percentage of residents who report their age in Cement City 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 Cement City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cement City.
How do you know that living in -- or moving to -- Cement City is right where you need to be? Perhaps you grew up in Cement City or already live nearby; therefore, the decision to buy a home in Cement City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cement City 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 Cement City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cement City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cement City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cement City, meanwhile, can field multiple offers from more qualified buyers.