Bankruptcy Homes in Lake Leelanau, MI

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View this home at S Lake Shore Dr Lake Leelanau MI 49653
$761,108 EMV
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Home Value Estimator For Lake Leelanau, MI

There are currently 1,165 real estate properties in Lake Leelanau, MI, with a median automated valuation model (AVM) price of $727,985.00. 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 Leelanau, 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 Leelanau, MI, is $1,094,584.00, with the most expensive house in Lake Leelanau, MI, topping out at $8,679,125.00 and the cheapest home in Lake Leelanau, MI, clocking in at $26,367.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Leelanau, MI!

Rent Prices In Lake Leelanau, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Leelanau, MI, is on a rollercoaster ride. The average rent price in Lake Leelanau, MI, is $1,601.00. Indeed, when looking to rent in Lake Leelanau, MI, you can expect to pay as little as $810.00 or as much as $2,600.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Lake Leelanau, 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 Lake Leelanau, MI In 2024

Lake Leelanau is located in Leelanau, Michigan, with an estimated municipal population of 160 residents. All of the best foreclosed homes for sale in Lake Leelanau are located in the following zip code areas on 49653. The estimated population per square kilometer (.62 miles) in Lake Leelanau is 242.

Diversity And Demographics In Lake Leelanau, 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 Lake Leelanau, 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 Leelanau is 42.8, split between 39.4 percent male versus 60.6 female. The percentage of residents who report being married in Lake Leelanau is 69.2, with an average family size of 3.33.

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

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 13.8%
Aged 10-19 20.7%
20s 5.6%
30s 0%
40s 21.9%
50s 13.1%
60s 19.4%
70s 5.6%
80+ 0%

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

Pros And Cons Of Living In Lake Leelanau, Michigan

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

  • 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 Lake Leelanau.

Reasons To Move To Lake Leelanau, 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 Lake Leelanau can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Leelanau, meanwhile, can field multiple offers from more qualified buyers.

Lake Leelanau, MI Bankruptcy Homes


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