River Rouge, MI Foreclosures
How much do homes sell for in River Rouge, MI?
The average home price is currently $96,653.
In River Rouge, MI, how many homes are available?
There are currently 87 active home listings available in River Rouge.
What’s the average rental cost in River Rouge, MI?
The average rental price in River Rouge is $1,211.
What is the most expensive home in River Rouge?
The most expensive home sold in River Rouge had a price of $781,475.
What is currently the cheapest priced home in River Rouge, MI?
The cheapest home for sale in River Rouge is priced at $10,321.
Living in River Rouge, MI
River Rouge, Michigan, is a small city known for its industrial roots and proximity to the Detroit River. With a strong community spirit, it offers residents a mix of local amenities, parks, and convenient access to larger urban areas. Its rich history and evolving landscape make it a unique place to call home.
Current Market Conditions in River Rouge, MI
River Rouge has seen a fluctuating real estate market, typical of many urban areas in Michigan. Presently, the demand for homes in the city is stable, with prices showing modest increases over the past few months. As more people consider affordable housing options outside of Detroit proper, River Rouge has attracted a mix of both first-time buyers and investors looking for rental properties.
The neighborhood is experiencing a wave of revitalization, with increased interest in the housing stock. Many houses are undergoing renovations and updates, drawing in new families and professionals who appreciate the location's affordability and accessibility.
Home Value Estimator For River Rouge, MI
There are currently 3,044 real estate properties
in River Rouge, MI,
with a median automated valuation model (AVM) price
of $92,270.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in River Rouge, 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 River Rouge, MI,
is $96,653.00, with the most expensive house
in River Rouge, MI, topping out
at $781,475.00 and the cheapest home
in River Rouge, MI,
clocking in at $10,321.00. In other words, there’s
something for every potential homebuyer
or savvy investor in River Rouge, MI!
Rent Prices
In River Rouge, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in River Rouge, MI, is on
a rollercoaster ride. The
average rent price in River Rouge, MI,
is $1,211.00. Indeed, when looking to rent in
River Rouge, MI, you can expect to pay as little
as $670.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,200.00. The good news is that finding
an affordable and desirable property to rent in River Rouge, 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.
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