Bankruptcy Homes in Vanderbilt, MI

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Home Value Estimator For Vanderbilt, MI

There are currently 1,213 real estate properties in Vanderbilt, MI, with a median automated valuation model (AVM) price of $170,726.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Vanderbilt, 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 Vanderbilt, MI, is $210,541.00, with the most expensive house in Vanderbilt, MI, topping out at $6,895,000.00 and the cheapest home in Vanderbilt, MI, clocking in at $5,731.00. In other words, there’s something for every potential homebuyer or savvy investor in Vanderbilt, MI!

Rent Prices In Vanderbilt, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Vanderbilt, MI, is on a rollercoaster ride. The average rent price in Vanderbilt, MI, is $1,388.00. Indeed, when looking to rent in Vanderbilt, MI, you can expect to pay as little as $770.00 or as much as $2,720.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Vanderbilt, 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 Vanderbilt, MI In 2024

Vanderbilt is located in Otsego, Michigan, with an estimated municipal population of 565 residents. All of the best foreclosed homes for sale in Vanderbilt are located in the following zip code areas on 49795. The estimated population per square kilometer (.62 miles) in Vanderbilt is 200.

Cost Of Living In Vanderbilt, MI

So, about how much do homes cost in Vanderbilt? The most recent median value of resident-owned homes in Vanderbilt is 78,350. An estimated 63.7 percent of households in Vanderbilt own their homes, with an average family size of 3.28. The median household income in Vanderbilt is 34,833, with10.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Vanderbilt, the median commute time of resident workers (in minutes) is 17.2. And last, but certainly not least, are you looking for homes to rent in Vanderbilt? If so, the average rent price paid by renters in Vanderbilt is 650, according to recent statistics.

Diversity And Demographics In Vanderbilt, 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 Vanderbilt, 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 Vanderbilt is 39, split between 55.6 percent male versus 44.4 female. The percentage of residents who report being married in Vanderbilt is 33.1, with an average family size of 3.28.

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

White 95.7%
Black / African American 0%
Asian 0.7%
American Indian / Alaskan Native 1.1%
Native Hawaiian / Other Pacifc Islander 0.5%
Multi-racial 2%
Other 0%

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

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

Under 10 5.7%
Aged 10-19 12.9%
20s 20.5%
30s 14.3%
40s 12.8%
50s 12.9%
60s 11.4%
70s 7.7%
80+ 2%

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

Pros And Cons Of Living In Vanderbilt, Michigan

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

  • 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 Vanderbilt.

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

Vanderbilt, MI Bankruptcy Homes


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