foreclosure.com

Rent To Own Homes in Detroit, MI 48242

Search within map
Price
Listing Type Up arrow
Property Type Up arrow
 
More real estate for sale
Other cities with foreclosures
Zip codes

Living in Detroit, MI

Detroit, MI, is a city on the rise, with a blend of history, culture, and modern development. It offers a lively atmosphere with diverse amenities including parks, museums, and sports facilities. The ongoing revitalization efforts make it an attractive destination for real estate investors seeking growth opportunities.

Current Market Conditions in Detroit, MI

Detroit's real estate market has seen a resurgence with increasing demand from buyers and investors. Home prices have been on the rise as the city undergoes revitalization and development efforts, making it a promising area for investment.

There is a growing interest in both residential and commercial properties as new businesses establish themselves and more people move to the area, attracted by emerging job opportunities and affordable housing options.

Home Value Estimator For Detroit, MI

There are currently 240,260 real estate properties in Detroit, MI, with a median automated valuation model (AVM) price of $84,032.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Detroit, 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 Detroit, MI, is $111,411.00, with the most expensive house in Detroit, MI, topping out at $33,424,432.00 and the cheapest home in Detroit, MI, clocking in at $10,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Detroit, MI!

Rent Prices In Detroit, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Detroit, MI, is on a rollercoaster ride. The average rent price in Detroit, MI, is $1,316.00. Indeed, when looking to rent in Detroit, MI, you can expect to pay as little as $480.00 or as much as $3,000.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Detroit, 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.

Detroit, MI 48242 Rent To Own Homes

Nearby Areas

Nearby Zip Codes

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

No Thanks | Remind Me Later
Equal Housing Opportunity
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2025. All Rights Reserved.