There are currently 315 real estate properties in NEW LOTHROP, MI, with a median automated valuation model (AVM) price of $182,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in NEW LOTHROP, 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 NEW LOTHROP, MI, is $200,707.00, with the most expensive house in NEW LOTHROP, MI, topping out at $450,000.00 and the cheapest home in NEW LOTHROP, MI, clocking in at $79,200.00. In other words, there’s something for every potential homebuyer or savvy investor in NEW LOTHROP, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in NEW LOTHROP, MI, is on a rollercoaster ride. The average rent price in NEW LOTHROP, MI, is $1,529.00. Indeed, when looking to rent in NEW LOTHROP, MI, you can expect to pay as little as $1,010.00 or as much as $2,060.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in NEW LOTHROP, 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.