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Rent To Own Homes in Ishpeming, MI

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County-road-pae-Ishpeming-MI-49849
Preforeclosure
$69,530 EMV

County Road Pae
Ishpeming, MI 49849

3 Bed | 1 Bath | 914 Sq. Ft.

1 County-road-496-Ishpeming-MI-49849
Foreclosure
$98,686 EMV

County Road 496
Ishpeming, MI 49849

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Home Value Estimator For Ishpeming, MI

There are currently 3,888 real estate properties in Ishpeming, MI, with a median automated valuation model (AVM) price of $125,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ishpeming, 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 Ishpeming, MI, is $140,591.00, with the most expensive house in Ishpeming, MI, topping out at $1,044,300.00 and the cheapest home in Ishpeming, MI, clocking in at $14,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Ishpeming, MI!


Rent Prices In Ishpeming, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ishpeming, MI, is on a rollercoaster ride. The average rent price in Ishpeming, MI, is $1,322.00. Indeed, when looking to rent in Ishpeming, MI, you can expect to pay as little as $530.00 or as much as $2,160.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Ishpeming, 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 Ishpeming, MI

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


Top Reasons To Live In Ishpeming, MI In 2021

Ishpeming is located in Marquette, Michigan, with an estimated municipal population of 6,416 residents. All of the best foreclosed homes for sale in Ishpeming are located in the following zip code areas on Foreclosure.com: 49849. The estimated population per square kilometer (.62 miles) in Ishpeming is 283.


Cost Of Living In Ishpeming, MI

So, about how much do homes cost in Ishpeming? The most recent median value of resident-owned homes in Ishpeming is 83,494. An estimated 72.1 percent of households in Ishpeming own their homes, with an average family size of 3.03. The median household income in Ishpeming is 46,299, with10.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ishpeming, the median commute time of resident workers (in minutes) is 16.8. And last, but certainly not least, are you looking for homes to rent in Ishpeming? If so, the average rent price paid by renters in Ishpeming is 512, according to recent statistics.


Diversity And Demographics In Ishpeming, 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 Ishpeming, 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 Ishpeming is 42.9, split between 50.4 percent male versus 49.6 female. The percentage of residents who report being married in Ishpeming is 40, with an average family size of 3.03.

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

White 95.4%
Black / African American 1.3%
Asian 0.7%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 0%

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

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

Under 10 10.9%
Aged 10-19 11.9%
20s 12.5%
30s 11.6%
40s 11.7%
50s 12.5%
60s 14.6%
70s 7%
80+ 7.4%

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


Pros And Cons Of Living In Ishpeming, Michigan

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

  • 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 Ishpeming.


Reasons To Move To Ishpeming, Michigan, In 2021

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

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