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Foreclosures in Melvindale, MI 48122

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Melvindale, MI Foreclosures

How much do homes sell for in Melvindale, MI?
The average home price is currently $142,624.
In Melvindale, MI, how many homes are available?
There are currently 22 active home listings available in Melvindale.
What’s the average rental cost in Melvindale, MI?
The average rental price in Melvindale is $968.
What is the most expensive home in Melvindale?
The most expensive home sold in Melvindale had a price of $1,138,600.
What is currently the cheapest priced home in Melvindale, MI?
The cheapest home for sale in Melvindale is priced at $21,686.

Living in Melvindale, MI

Melvindale is a small but vibrant community located in Wayne County, Michigan, known for its friendly neighborhoods and convenient amenities. With its close proximity to Detroit, residents enjoy suburban living with easy access to urban lifestyle benefits. The area boasts several parks, schools, and shopping options, making it an attractive place for families and young professionals alike.

Current Market Conditions in Melvindale, MI

The Melvindale real estate market is currently experiencing a stable trend, with moderate growth observed over the past year. Demand for homes remains steady, driven by the city's affordability and proximity to Detroit. Buyers are seeing a healthy mix of single-family homes and multi-family units available for purchase, which provides options for both first-time homebuyers and investors.

Home Value Estimator For Melvindale, MI

There are currently 3,862 real estate properties in Melvindale, MI, with a median automated valuation model (AVM) price of $138,005.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melvindale, 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 Melvindale, MI, is $142,624.00, with the most expensive house in Melvindale, MI, topping out at $1,138,600.00 and the cheapest home in Melvindale, MI, clocking in at $21,686.00. In other words, there’s something for every potential homebuyer or savvy investor in Melvindale, MI!

Rent Prices In Melvindale, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melvindale, MI, is on a rollercoaster ride. The average rent price in Melvindale, MI, is $968.00. Indeed, when looking to rent in Melvindale, MI, you can expect to pay as little as $600.00 or as much as $2,260.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Melvindale, 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.

Melvindale, MI 48122 Foreclosures

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