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Preforeclosure Homes in Highland Park, MI

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Living in Highland Park, MI

Highland Park, MI, is a unique city situated just north of Detroit, known for its rich history, diverse culture, and community spirit. It offers a range of amenities, beautiful parks, and proximity to the urban conveniences of Detroit. With ongoing improvements in infrastructure, it presents a solid opportunity for real estate investment.

Current Market Conditions in Highland Park, MI

Highland Park's real estate market has shown signs of revitalization, with increasing property values and a growing interest from new homeowners and investors. The city's strategic location near Detroit has contributed to this trend, attracting a mix of buyers and sparking developments focused on restoring historic properties.

An ongoing initiative to renovate and build new homes aims to elevate the overall appeal of Highland Park, making it a promising area for real estate investments. With the demand for affordable housing in proximity to urban areas on the rise, investors are seeing the potential for significant returns.

Home Value Estimator For Highland Park, MI

There are currently 9,049 real estate properties in Highland Park, MI, with a median automated valuation model (AVM) price of $76,408.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Highland Park, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Highland Park, MI, is $93,642.00, with the most expensive house in Highland Park, MI, topping out at $1,327,168.00 and the cheapest home in Highland Park, MI, clocking in at $10,067.00. In other words, there’s something for every potential homebuyer or savvy investor in Highland Park, MI!

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.

Highland Park, MI Preforeclosure Homes


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