Lake Odessa, MI

Lake Odessa is a small town located in the Upper Peninsula of Michigan. The population is just over 2,000 people and the median household income is just over $60,000. The town has a small commercial district with a few restaurants and stores, as well as a public library. There are also several homes and businesses located on the lake itself.

The real estate market in Lake Odessa is very competitive. Houses here typically sell within two months of being listed, and there have been several instances where houses have sold within hours of being listed. This high demand has led to prices that are quite high for the area. In 2017, the average sale price was $269,500 which is significantly higher than the average sale price in nearby towns such as Houghton or Marquette. However, despite the high prices, there are still plenty of properties available for purchase in Lake Odessa.

One reason why house prices are so high in Lake Odessa is because of its location: it's situated on one of Michigan's most beautiful lakes. Many people who live here enjoy spending time outdoors fishing or boating on the lake. Additionally, many people who live here work at one of Michigan's many major companies such as Ford or General Motors which means that they have plenty of money to spend on housing.

Despite being a very expensive town to live in, there are still some great opportunities for buyers who are willing to do their research. For example, many houses here have been updated with new appliances and flooring which can make them much more appealing than older homes in other areas of Michigan. Additionally, many houses here have been built by local home builders who know how to create attractive properties that will appeal to buyers from all over Michigan and beyond