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Fixer Upper Homes in Pontiac, MI

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Living in Pontiac, MI

Pontiac, Michigan, is a vibrant city located in the heart of Oakland County, known for its rich history and diverse community. It offers a range of amenities from parks to historical sites, making it an attractive place to live and work. With easy access to major highways and public transportation, residents enjoy both connectivity and the charm of suburban life.

Current Market Conditions in Pontiac, MI

The real estate market in Pontiac is seeing a steady increase in demand as more families and young professionals are drawn to the area. As property values rise, homebuyers are quickly taking advantage of available listings, indicating a competitive market.

Rental properties are also thriving, with an influx of renters seeking affordable housing options in close proximity to Detroit. This trend has resulted in low vacancy rates and rising rental prices.

With numerous businesses relocating to Pontiac and ongoing community development initiatives, the outlook for the area’s real estate market remains positive.

Home Value Estimator For Pontiac, MI

There are currently 18,034 real estate properties in Pontiac, MI, with a median automated valuation model (AVM) price of $136,632.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pontiac, 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 Pontiac, MI, is $153,001.00, with the most expensive house in Pontiac, MI, topping out at $2,915,000.00 and the cheapest home in Pontiac, MI, clocking in at $10,338.00. In other words, there’s something for every potential homebuyer or savvy investor in Pontiac, MI!

Rent Prices In Pontiac, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pontiac, MI, is on a rollercoaster ride. The average rent price in Pontiac, MI, is $1,044.00. Indeed, when looking to rent in Pontiac, MI, you can expect to pay as little as $530.00 or as much as $2,620.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Pontiac, 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.

Pontiac, MI Fixer Upper Homes

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