City-owned Homes And Land in Highland Park, MI

Current Market Conditions in Highland Park, MI

Highland Park's real estate market has seen a resurgence in interest, especially among first-time homebuyers looking for affordable housing options. The city’s historical significance and proximity to Detroit have made it an attractive spot for investment as developers seek to revitalize the area.

Homes in Highland Park are priced competitively, with many options under $100,000. This affordability has attracted many buyers, which has resulted in a modest increase in home values over the past year.

Rent Prices In Highland Park, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Highland Park, MI, is on a rollercoaster ride. The average rent price in Highland Park, MI, is $1,539.00. Indeed, when looking to rent in Highland Park, MI, you can expect to pay as little as $620.00 or as much as $2,440.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Highland 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.