There are currently 338 real estate properties in Spring Arbor, MI, with a median automated valuation model (AVM) price of $216,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spring Arbor, 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 Spring Arbor, MI, is $230,186.00, with the most expensive house in Spring Arbor, MI, topping out at $712,000.00 and the cheapest home in Spring Arbor, MI, clocking in at $50,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Spring Arbor, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spring Arbor, MI, is on a rollercoaster ride. The average rent price in Spring Arbor, MI, is $1,336.00. Indeed, when looking to rent in Spring Arbor, MI, you can expect to pay as little as $850.00 or as much as $2,080.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Spring Arbor, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Spring Arbor, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Spring Arbor, MI and much more. Save thousands at closing with home foreclosure listings in Spring Arbor, MI — up to 75% off market value!
Spring Arbor is located in Jackson, Michigan, with an estimated municipal population of 2,402 residents. All of the best foreclosed homes for sale in Spring Arbor are located in the following zip code areas on Foreclosure.com: 49283. The estimated population per square kilometer (.62 miles) in Spring Arbor is 333.
So, about how much do homes cost in Spring Arbor? The most recent median value of resident-owned homes in Spring Arbor is 176,927. An estimated 66.9 percent of households in Spring Arbor own their homes, with an average family size of 2.76. The median household income in Spring Arbor is 65,972, with27.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spring Arbor, the median commute time of resident workers (in minutes) is 13.2. And last, but certainly not least, are you looking for homes to rent in Spring Arbor? If so, the average rent price paid by renters in Spring Arbor is 488, according to recent statistics.
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 Spring Arbor, 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 Spring Arbor is 22.6, split between 38.9 percent male versus 61.1 female. The percentage of residents who report being married in Spring Arbor is 34.1, with an average family size of 2.76.
The percentage of residents who report their race in Spring Arbor is as follows:
|Black / African American||3.9%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0.4%|
Looking for family-friendly neighborhoods in and/or near Spring Arbor? Or maybe you are searching for 55+ active adult communities in and/or near Spring Arbor?
The percentage of residents who report their age in Spring Arbor is as follows:
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 Spring Arbor with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spring Arbor.
How do you know that living in -- or moving to -- Spring Arbor is right where you need to be? Perhaps you grew up in Spring Arbor or already live nearby; therefore, the decision to buy a home in Spring Arbor is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spring Arbor 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 Spring Arbor:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spring Arbor.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spring Arbor can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spring Arbor, meanwhile, can field multiple offers from more qualified buyers.