Living in Detroit, OR
Detroit, OR offers a tranquil lifestyle by Detroit Lake with numerous outdoor recreational activities. Its close-knit community provides essential amenities, making it a perfect retreat from city life. Residents enjoy a rich blend of nature, convenience, and charm.
Current Market Conditions in Detroit, OR
The real estate market in Detroit, Oregon, remains stable with a mix of affordable homes and occasional higher-end properties, attracting both investors and first-time home buyers. With the area's natural beauty and recreational activities, demand for homes in this region has seen a steady increase over the past few years.
As the town continues to grow in popularity, particularly among those seeking a second home or vacation property, prices are expected to trend upwards, making it an ideal time for investors to consider opportunities in this charming lakeside community.
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 $284,609.00. 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 $392,944.00, with the most expensive house
in Detroit, OR, topping out
at $1,886,800.00 and the cheapest home
in Detroit, OR,
clocking in at $33,690.00. 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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