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Rent To Own Homes in Elsie, MI

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5 E-main-st-Elsie-MI-48831
Foreclosure
$103,499 EMV

3 Bed | 2 Bath | 1,698 Sq. Ft.

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Home Value Estimator For Elsie, MI

There are currently 726 real estate properties in Elsie, MI, with a median automated valuation model (AVM) price of $148,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elsie, 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 Elsie, MI, is $169,903.00, with the most expensive house in Elsie, MI, topping out at $1,367,100.00 and the cheapest home in Elsie, MI, clocking in at $58,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Elsie, MI!


Rent Prices In Elsie, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elsie, MI, is on a rollercoaster ride. The average rent price in Elsie, MI, is $1,424.00. Indeed, when looking to rent in Elsie, MI, you can expect to pay as little as $820.00 or as much as $2,340.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Elsie, 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.


Foreclosure Homes in Elsie, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Elsie, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Elsie, MI and much more. Save thousands at closing with home foreclosure listings in Elsie, MI — up to 75% off market value!


Top Reasons To Live In Elsie, MI In 2022

Elsie is located in Clinton, Michigan, with an estimated municipal population of 978 residents. All of the best foreclosed homes for sale in Elsie are located in the following zip code areas on Foreclosure.com: 48831. The estimated population per square kilometer (.62 miles) in Elsie is 330.


Cost Of Living In Elsie, MI

So, about how much do homes cost in Elsie? The most recent median value of resident-owned homes in Elsie is 94,961. An estimated 68.9 percent of households in Elsie own their homes, with an average family size of 3.24. The median household income in Elsie is 44,563, with7.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elsie, the median commute time of resident workers (in minutes) is 32.6. And last, but certainly not least, are you looking for homes to rent in Elsie? If so, the average rent price paid by renters in Elsie is 733, according to recent statistics.


Diversity And Demographics In Elsie, Michigan

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 Elsie, 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 Elsie is 36.9, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Elsie is 48.3, with an average family size of 3.24.

The percentage of residents who report their race in Elsie is as follows:

White 92.6%
Black / African American 3.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.2%
Other 0.8%

Looking for family-friendly neighborhoods in and/or near Elsie? Or maybe you are searching for 55+ active adult communities in and/or near Elsie?

The percentage of residents who report their age in Elsie is as follows:

Under 10 15.2%
Aged 10-19 13.4%
20s 12.3%
30s 12.8%
40s 10.2%
50s 11%
60s 11.5%
70s 6.3%
80+ 7.1%

Best Schools In Elsie, Michigan

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 Elsie with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Elsie.


Pros And Cons Of Living In Elsie, Michigan

How do you know that living in -- or moving to -- Elsie is right where you need to be? Perhaps you grew up in Elsie or already live nearby; therefore, the decision to buy a home in Elsie is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Elsie 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 Elsie:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Elsie.


Reasons To Move To Elsie, Michigan, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Elsie can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elsie, meanwhile, can field multiple offers from more qualified buyers.

Elsie, MI Rent To Own Homes


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