Allen Park, MI Foreclosures
How much do homes sell for in Allen Park, MI?
The average home price is currently $219,068.
In Allen Park, MI, how many homes are available?
There are currently 9 active home listings available in Allen Park.
What’s the average rental cost in Allen Park, MI?
The average rental price in Allen Park is $1,201.
What is the most expensive home in Allen Park?
The most expensive home sold in Allen Park had a price of $2,895,000.
What is currently the cheapest priced home in Allen Park, MI?
The cheapest home for sale in Allen Park is priced at $10,092.
Living in Allen Park, MI
Allen Park, MI is a charming suburban community known for its welcoming atmosphere and convenience to downtown Detroit. The area is characterized by well-maintained parks, a strong sense of community, and a variety of local businesses. Families appreciate the robust educational opportunities available in the area.
Current Market Conditions in Allen Park, MI
The real estate market in Allen Park, MI has seen a steady increase in home values over the past year, driven by low inventory and high demand. Homebuyers are attracted by the city's affordability and proximity to Detroit, making it a competitive market with multiple offers becoming common.
As of late 2023, homes in Allen Park are selling quickly, often within days of being listed, indicating that buyer interest remains strong. The market is characterized by a mix of single-family homes, townhouses, and some multi-family options, catering to a diverse demographic.
Home Value Estimator For Allen Park, MI
There are currently 11,684 real estate properties
in Allen Park, MI,
with a median automated valuation model (AVM) price
of $212,719.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Allen Park, 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 Allen Park, MI,
is $219,068.00, with the most expensive house
in Allen Park, MI, topping out
at $2,895,000.00 and the cheapest home
in Allen Park, MI,
clocking in at $10,092.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Allen Park, MI!
Rent Prices
In Allen Park, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Allen Park, MI, is on
a rollercoaster ride. The
average rent price in Allen Park, MI,
is $1,201.00. Indeed, when looking to rent in
Allen Park, MI, you can expect to pay as little
as $580.00 or as much
as $2,900.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Allen Park, 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.
Learn more on Foreclosure homes
