Detroit, OR Foreclosures
How much do homes sell for in Detroit, OR?
The average home price is currently $391,147.
In Detroit, OR, how many homes are available?
There are currently 563 active home listings available in Detroit.
What’s the average rental cost in Detroit, OR?
The average rental price in Detroit is $1,007.
What is the most expensive home in Detroit?
The most expensive home sold in Detroit had a price of $1,907,900.
What is currently the cheapest priced home in Detroit, OR?
The cheapest home for sale in Detroit is priced at $33,518.
Living in Detroit, OR
Detroit, Oregon is a picturesque small town situated on the banks of Detroit Lake. Known for its outdoor recreational opportunities including hiking, fishing, and boating, the area attracts nature lovers and families alike. With a strong sense of community, good schools, and a peaceful environment, Detroit is perfect for those looking to escape the bustle of city life.
Current Market Conditions in Detroit, OR
The real estate market in Detroit, OR has seen steady interest from buyers, particularly those seeking vacation homes or second properties due to its proximity to Detroit Lake. With its tranquil atmosphere and outdoor amenities, properties tend to appreciate in value, although availability may be limited due to high demand in the summer months when the lake activities peak.
More recently, there has been an influx of buyers drawn to Detroit from surrounding urban areas looking for more space and a better quality of life, which has resulted in increased competition and pricing in the local real estate market.
Home Value Estimator For Detroit, OR
There are currently 535 real estate properties
in Detroit, OR,
with a median automated valuation model (AVM) price
of $283,159.00. 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, OR, 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, OR,
is $391,147.00, with the most expensive house
in Detroit, OR, topping out
at $1,907,900.00 and the cheapest home
in Detroit, OR,
clocking in at $33,518.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Detroit, OR!
Rent Prices
In Detroit, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Detroit, OR, is on
a rollercoaster ride. The
average rent price in Detroit, OR,
is $1,007.00. Indeed, when looking to rent in
Detroit, OR, you can expect to pay as little
as $520.00 or as much
as $2,120.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Detroit, OR
-- 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.
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