Land Foreclosures in Hazel Park, MI

Buyer vs Seller Market in Hazel Park, MI

The real estate market in Hazel Park has seen a steady rise in prices over the past year due to increased interest from homebuyers seeking affordable housing options near Detroit. The market remains competitive, with homes often going under contract shortly after listing. The demand has led to a decrease in inventory levels, which in turn is pushing prices upward.

Investors are showing interest in Hazel Park due to its ongoing development projects and revitalization initiatives. This trend is expected to continue, driving home values higher and making it a potential goldmine for real estate investment.

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.