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Foreclosure Homes in Frankenmuth, MI

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Frankenmuth, MI Foreclosures

How much do homes sell for in Frankenmuth, MI?
The average home price is currently $359,521.
In Frankenmuth, MI, how many homes are available?
There are currently 2,813 active home listings available in Frankenmuth.
What’s the average rental cost in Frankenmuth, MI?
The average rental price in Frankenmuth is $1,666.
What is the most expensive home in Frankenmuth, Michigan?
The most expensive home sold in Frankenmuth had a price of $1,733,138.
What is currently the cheapest priced home in Frankenmuth, MI?
The cheapest home for sale in Frankenmuth is priced at $24,205.

Home Value Estimator For Frankenmuth, MI

There are currently 2,813 real estate properties in Frankenmuth, MI, with a median automated valuation model (AVM) price of $316,307.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Frankenmuth, 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 Frankenmuth, MI, is $359,521.00, with the most expensive house in Frankenmuth, MI, topping out at $1,733,138.00 and the cheapest home in Frankenmuth, MI, clocking in at $24,205.00. In other words, there’s something for every potential homebuyer or savvy investor in Frankenmuth, MI!


Rent Prices In Frankenmuth, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Frankenmuth, MI, is on a rollercoaster ride. The average rent price in Frankenmuth, MI, is $1,666.00. Indeed, when looking to rent in Frankenmuth, MI, you can expect to pay as little as $690.00 or as much as $2,620.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Frankenmuth, 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.


Top Reasons To Live In Frankenmuth, MI In 2024

Frankenmuth is located in Saginaw, Michigan, with an estimated municipal population of 5,529 residents. All of the best foreclosed homes for sale in Frankenmuth are located in the following zip code areas on Foreclosure.com: 48734 48787. The estimated population per square kilometer (.62 miles) in Frankenmuth is 700.


Cost Of Living In Frankenmuth, MI

So, about how much do homes cost in Frankenmuth? The most recent median value of resident-owned homes in Frankenmuth is 190,792. An estimated 69.2 percent of households in Frankenmuth own their homes, with an average family size of 2.88. The median household income in Frankenmuth is 62,427, with36.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Frankenmuth, the median commute time of resident workers (in minutes) is 19.3. And last, but certainly not least, are you looking for homes to rent in Frankenmuth? If so, the average rent price paid by renters in Frankenmuth is 672, according to recent statistics.


Diversity And Demographics In Frankenmuth, 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 Frankenmuth, 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 Frankenmuth is 47.7, split between 45.4 percent male versus 54.6 female. The percentage of residents who report being married in Frankenmuth is 52, with an average family size of 2.88.

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

White 98.3%
Black / African American 0.3%
Asian 0.3%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.6%
Other 0%

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

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

Under 10 9.3%
Aged 10-19 11.2%
20s 12.2%
30s 9.3%
40s 12%
50s 10.1%
60s 12.2%
70s 11.1%
80+ 12.5%

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


Pros And Cons Of Living In Frankenmuth, Michigan

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

  • 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 Frankenmuth.


Reasons To Move To Frankenmuth, Michigan, In 2024

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

Frankenmuth, MI Foreclosures


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