As-is Deals in Hazel Park, MI

Current Market Conditions in Hazel Park, MI

The current real estate market in Hazel Park is showing signs of growth, with an increasing number of families seeking affordable housing options outside of Detroit's more expensive neighborhoods. This trend indicates a potential increase in property values as demand continues to rise in the coming years.

Investors are taking note of the brisk activity in Hazel Park, with many properties being purchased for renovation and resale, contributing to the area's appeal. Homes in Hazel Park are selling relatively quickly, reflecting a competitive market characterized by lower inventory and rising prices.

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.