Condo Foreclosures in Hazel Park, MI

Current Market Conditions in Hazel Park, MI

The real estate market in Hazel Park is showing signs of recovery, with a steady increase in home sales and property values over recent months. This growth is driven by demand from first-time homebuyers and investors seeking properties in a location that offers both affordability and convenience. Additionally, the diversity of available housing options—from single-family homes to apartment complexes—caters to a wide array of potential buyers and renters alike.

With median home prices slightly rising, Hazel Park remains an attractive market for those looking for affordable housing compared to neighboring cities. The ongoing revitalization efforts and developments in the area are also contributing to favorable market trends.

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.