Bankruptcy Homes in Muskegon, MI

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Home Value Estimator For Muskegon, MI

There are currently 32,741 real estate properties in Muskegon, MI, with a median automated valuation model (AVM) price of $187,041.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Muskegon, 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 Muskegon, MI, is $216,214.00, with the most expensive house in Muskegon, MI, topping out at $6,691,360.00 and the cheapest home in Muskegon, MI, clocking in at $14,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Muskegon, MI!

Rent Prices In Muskegon, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Muskegon, MI, is on a rollercoaster ride. The average rent price in Muskegon, MI, is $1,307.00. Indeed, when looking to rent in Muskegon, MI, you can expect to pay as little as $630.00 or as much as $2,760.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Muskegon, 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 Muskegon, MI In 2024

Muskegon is located in Muskegon, Michigan, with an estimated municipal population of 36,565 residents. All of the best foreclosed homes for sale in Muskegon are located in the following zip code areas on 49442 49440 49441. The estimated population per square kilometer (.62 miles) in Muskegon is 998.

Cost Of Living In Muskegon, MI

So, about how much do homes cost in Muskegon? The most recent median value of resident-owned homes in Muskegon is 73,838. An estimated 49.4 percent of households in Muskegon own their homes, with an average family size of 3.06. The median household income in Muskegon is 32,433, with7.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Muskegon, the median commute time of resident workers (in minutes) is 20.2. And last, but certainly not least, are you looking for homes to rent in Muskegon? If so, the average rent price paid by renters in Muskegon is 706, according to recent statistics.

Diversity And Demographics In Muskegon, 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 Muskegon, 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 Muskegon is 35.8, split between 52.2 percent male versus 47.8 female. The percentage of residents who report being married in Muskegon is 26.8, with an average family size of 3.06.

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

White 58.8%
Black / African American 32%
Asian 0.2%
American Indian / Alaskan Native 0.8%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 6.8%
Other 1.3%

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

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

Under 10 11.4%
Aged 10-19 14.1%
20s 16.1%
30s 13.9%
40s 12.3%
50s 11.9%
60s 11.3%
70s 5.3%
80+ 3.5%

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

Pros And Cons Of Living In Muskegon, Michigan

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

  • 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 Muskegon.

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

Muskegon, MI Bankruptcy Homes


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