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Rent To Own Homes in Birmingham, MI

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Birmingham, MI Foreclosures

How much do homes sell for in Birmingham, MI?
The average home price is currently $949,665.
In Birmingham, MI, how many homes are available?
There are currently 2 active home listings available in Birmingham.
What’s the average rental cost in Birmingham, MI?
The average rental price in Birmingham is $2,706.
What is the most expensive home in Birmingham?
The most expensive home sold in Birmingham had a price of $15,830,790.
What is currently the cheapest priced home in Birmingham, MI?
The cheapest home for sale in Birmingham is priced at $70,330.

Living in Birmingham, MI

Birmingham, MI is a bustling suburban city known for its rich history and vibrant community. The city features an array of fine dining options, upscale shops, and cultural attractions, creating a lively atmosphere. With excellent schools and ample recreational spaces, it’s highly sought after for families and young professionals alike.

Current Market Conditions in Birmingham, MI

The Birmingham real estate market has shown consistent growth over the past year, with property values steadily increasing due to high demand and limited inventory. The city's attractive amenities and its proximity to Detroit further enhance its desirability among homebuyers.

Currently, homes in Birmingham are selling quickly, often above asking price. The competitive market has led to a surge in new listings, as sellers capitalize on the strong demand. Prices are expected to continue rising as interest in the area remains high.

Home Value Estimator For Birmingham, MI

There are currently 9,097 real estate properties in Birmingham, MI, with a median automated valuation model (AVM) price of $771,648.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Birmingham, 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 Birmingham, MI, is $949,665.00, with the most expensive house in Birmingham, MI, topping out at $15,830,790.00 and the cheapest home in Birmingham, MI, clocking in at $70,330.00. In other words, there’s something for every potential homebuyer or savvy investor in Birmingham, MI!

Rent Prices In Birmingham, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Birmingham, MI, is on a rollercoaster ride. The average rent price in Birmingham, MI, is $2,706.00. Indeed, when looking to rent in Birmingham, MI, you can expect to pay as little as $840.00 or as much as $4,240.00, with the average rent median estimated to be $2,660.00. The good news is that finding an affordable and desirable property to rent in Birmingham, 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.

Birmingham, MI Rent To Own Homes

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