Preforeclosure Homes in Wayland, MI

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View this home at 142nd Ave Wayland MI 49348
$373,369 EMV
142nd Ave
Wayland, MI 49348
EST. RENT: $1,770
AUCTION: 05-02-2024
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Home Value Estimator For Wayland, MI

There are currently 3,934 real estate properties in Wayland, MI, with a median automated valuation model (AVM) price of $299,791.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wayland, 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 Wayland, MI, is $353,346.00, with the most expensive house in Wayland, MI, topping out at $3,259,146.00 and the cheapest home in Wayland, MI, clocking in at $28,123.00. In other words, there’s something for every potential homebuyer or savvy investor in Wayland, MI!

Rent Prices In Wayland, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wayland, MI, is on a rollercoaster ride. The average rent price in Wayland, MI, is $1,569.00. Indeed, when looking to rent in Wayland, MI, you can expect to pay as little as $630.00 or as much as $2,740.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Wayland, 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 Wayland, MI In 2024

Wayland is located in Allegan, Michigan, with an estimated municipal population of 4,225 residents. All of the best foreclosed homes for sale in Wayland are located in the following zip code areas on 49348. The estimated population per square kilometer (.62 miles) in Wayland is 550.

Cost Of Living In Wayland, MI

So, about how much do homes cost in Wayland? The most recent median value of resident-owned homes in Wayland is 116,758. An estimated 59 percent of households in Wayland own their homes, with an average family size of 2.91. The median household income in Wayland is 54,886, with8.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wayland, the median commute time of resident workers (in minutes) is 25.6. And last, but certainly not least, are you looking for homes to rent in Wayland? If so, the average rent price paid by renters in Wayland is 779, according to recent statistics.

Diversity And Demographics In Wayland, 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 Wayland, 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 Wayland is 33.3, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Wayland is 43.5, with an average family size of 2.91.

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

White 92.7%
Black / African American 2%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.8%
Other 0.6%

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

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

Under 10 17%
Aged 10-19 9.3%
20s 16.7%
30s 17.2%
40s 10.3%
50s 11.1%
60s 8.5%
70s 6.4%
80+ 3.5%

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

Pros And Cons Of Living In Wayland, Michigan

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

  • 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 Wayland.

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

Wayland, MI Preforeclosure Homes


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