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There are currently 401 real estate properties in Lake Isabella, MI, with a median automated valuation model (AVM) price of $166,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Isabella, 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 Lake Isabella, MI, is $195,902.00, with the most expensive house in Lake Isabella, MI, topping out at $750,575.00 and the cheapest home in Lake Isabella, MI, clocking in at $24,067.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Isabella, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Isabella, MI, is on a rollercoaster ride. The average rent price in Lake Isabella, MI, is $1,533.00. Indeed, when looking to rent in Lake Isabella, MI, you can expect to pay as little as $980.00 or as much as $2,470.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Lake Isabella, 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.
Lake Isabella is located in Isabella, Michigan, with an estimated municipal population of 1,676 residents. All of the best foreclosed homes for sale in Lake Isabella are located in the following zip code areas on Foreclosure.com: 48893. The estimated population per square kilometer (.62 miles) in Lake Isabella is 185.
So, about how much do homes cost in Lake Isabella? The most recent median value of resident-owned homes in Lake Isabella is 149,259. An estimated 91.4 percent of households in Lake Isabella own their homes, with an average family size of 3.1. The median household income in Lake Isabella is 75,625, with30.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Isabella, the median commute time of resident workers (in minutes) is 31.6. And last, but certainly not least, are you looking for homes to rent in Lake Isabella? If so, the average rent price paid by renters in Lake Isabella is 903, 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 Lake Isabella, 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 Lake Isabella is 39.2, split between 54.8 percent male versus 45.2 female. The percentage of residents who report being married in Lake Isabella is 60.2, with an average family size of 3.1.
The percentage of residents who report their race in Lake Isabella is as follows:
| White | 97.9% |
| Black / African American | 0.1% |
| Asian | 0% |
| American Indian / Alaskan Native | 0.7% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.2% |
| Other | 0.1% |
Looking for family-friendly neighborhoods in and/or near Lake Isabella? Or maybe you are searching for 55+ active adult communities in and/or near Lake Isabella?
The percentage of residents who report their age in Lake Isabella is as follows:
| Under 10 | 14.3% |
| Aged 10-19 | 10.4% |
| 20s | 11.4% |
| 30s | 14.5% |
| 40s | 10.5% |
| 50s | 9.6% |
| 60s | 16.3% |
| 70s | 8.6% |
| 80+ | 4.3% |
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 Lake Isabella with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Isabella.
How do you know that living in -- or moving to -- Lake Isabella is right where you need to be? Perhaps you grew up in Lake Isabella or already live nearby; therefore, the decision to buy a home in Lake Isabella is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Isabella 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 Lake Isabella:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Isabella.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Isabella can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Isabella, meanwhile, can field multiple offers from more qualified buyers.
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