Cheap Homes in Mio, MI

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3 View this home at Gorton Rd Luzerne MI 48636
Fixer Upper
$44,900 List Price

2 Bed | 1 Bath

12 View this home at Park Rd Luzerne MI 48636
Fixer Upper
$29,900 List Price

2 Bed

Displaying 1 - 2 of 2

Foreclosure Homes in Mio, MI

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

Top Reasons To Live In Mio, MI In 2023

Mio is located in Oscoda, Michigan, with an estimated municipal population of 1,743 residents. All of the best foreclosed homes for sale in Mio are located in the following zip code areas on 48647. The estimated population per square kilometer (.62 miles) in Mio is 80.

Cost Of Living In Mio, MI

So, about how much do homes cost in Mio? The most recent median value of resident-owned homes in Mio is 64,728. An estimated 77.7 percent of households in Mio own their homes, with an average family size of 2.66. The median household income in Mio is 38,569, with11.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mio, the median commute time of resident workers (in minutes) is 20.7. And last, but certainly not least, are you looking for homes to rent in Mio? If so, the average rent price paid by renters in Mio is 604, according to recent statistics.

Diversity And Demographics In Mio, 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 Mio, 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 Mio is 41.4, split between 50.8 percent male versus 49.2 female. The percentage of residents who report being married in Mio is 36.1, with an average family size of 2.66.

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

White 95.6%
Black / African American 0.9%
Asian 0.3%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.1%
Other 0.1%

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

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

Under 10 11.8%
Aged 10-19 12.4%
20s 13.8%
30s 10.1%
40s 9.6%
50s 17.9%
60s 12.3%
70s 9.4%
80+ 2.9%

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

Pros And Cons Of Living In Mio, Michigan

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

  • 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 Mio.

Reasons To Move To Mio, Michigan, In 2023

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

Cheap Homes in Mio, MI


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