Preforeclosure Homes in Okemos, MI

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View this home at Hamilton Rd Okemos MI 48864
Hamilton Rd
Okemos, MI 48864
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AUCTION: 05-02-2024
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Home Value Estimator For Okemos, MI

There are currently 6,240 real estate properties in Okemos, MI, with a median automated valuation model (AVM) price of $368,227.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Okemos, 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 Okemos, MI, is $412,235.00, with the most expensive house in Okemos, MI, topping out at $2,607,091.00 and the cheapest home in Okemos, MI, clocking in at $26,375.00. In other words, there’s something for every potential homebuyer or savvy investor in Okemos, MI!

Rent Prices In Okemos, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Okemos, MI, is on a rollercoaster ride. The average rent price in Okemos, MI, is $1,887.00. Indeed, when looking to rent in Okemos, MI, you can expect to pay as little as $1,000.00 or as much as $3,940.00, with the average rent median estimated to be $1,870.00. The good news is that finding an affordable and desirable property to rent in Okemos, 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 Okemos, MI In 2024

Okemos is located in Ingham, Michigan, with an estimated municipal population of 24,141 residents. All of the best foreclosed homes for sale in Okemos are located in the following zip code areas on 48864 48805. The estimated population per square kilometer (.62 miles) in Okemos is 552.

Cost Of Living In Okemos, MI

So, about how much do homes cost in Okemos? The most recent median value of resident-owned homes in Okemos is 244,319. An estimated 60.9 percent of households in Okemos own their homes, with an average family size of 3.06. The median household income in Okemos is 78,600, with41.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Okemos, the median commute time of resident workers (in minutes) is 20.4. And last, but certainly not least, are you looking for homes to rent in Okemos? If so, the average rent price paid by renters in Okemos is 989, according to recent statistics.

Diversity And Demographics In Okemos, 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 Okemos, 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 Okemos is 34.5, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Okemos is 50.1, with an average family size of 3.06.

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

White 70.2%
Black / African American 5.1%
Asian 19.4%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.6%
Other 0.2%

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

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

Under 10 11.5%
Aged 10-19 12.3%
20s 21.1%
30s 11.4%
40s 12.7%
50s 11.3%
60s 10.3%
70s 5.7%
80+ 3.7%

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

Pros And Cons Of Living In Okemos, Michigan

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

  • 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 Okemos.

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

Okemos, MI Preforeclosure Homes


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