Foreclosure Homes in Hazel Park, MI 48030

Current Market Conditions in Hazel Park, MI

The real estate market in Hazel Park has shown a steady increase in demand due to its affordability compared to neighboring areas. Buyers are attracted to the community's combination of suburban amenities and proximity to the vibrant city of Detroit. Recent trends indicate a growing interest from both first-time homebuyers and investors, leading to increased competition in the market.

In the past year, Hazel Park's property values have continued to rise, making it a competitive market for potential homebuyers. Listings have been moving quickly, often receiving multiple offers, indicating a strong demand for housing. Investors are particularly keen on the area due to its rental potential and emerging neighborhoods.

Rent Prices In Hazel Park, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hazel Park, MI, is on a rollercoaster ride. The average rent price in Hazel Park, MI, is $1,117.00. Indeed, when looking to rent in Hazel Park, MI, you can expect to pay as little as $630.00 or as much as $1,610.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Hazel 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.