River Rouge, MI Foreclosures
Current Market Conditions in in River Rouge, MI As of January 2026?
Over the past month, the River Rouge real estate market has seen a slight increase in median home prices, driven primarily by the limited availability of affordable homes for first-time buyers. Several properties have sold above asking price, indicating a growing confidence in the local market. New listings are coming to the market at a steady rate, but the demand has outpaced supply minimally, resulting in quicker sales and a more competitive market overall.
How much do homes sell for in River Rouge, MI?
The average home price is currently $98,284.
In River Rouge, MI, how many homes are available?
There are currently 1 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 $1,089,395.
What is currently the cheapest priced home in River Rouge, MI?
The cheapest home for sale in River Rouge is priced at $10,191.
Living in River Rouge, MI
River Rouge, MI is a small yet vibrant community on the banks of the Detroit River. Known for its rich industrial past, the city is undergoing revitalization efforts to improve its residential and community spaces. With parks, local schools, and proximity to Detroit's amenities, River Rouge offers a unique living experience.
Buyer vs Seller Market in River Rouge, MI
The real estate market in River Rouge is currently showing a trend towards stabilization, with a balanced supply of listings available for buyers. As revitalization projects take shape, the demand is gradually increasing which is enticing more homebuyers to explore the options in this area. Overall, pricing remains competitive relative to nearby communities, making it an appealing choice for first-time buyers and investors alike.
In recent months, River Rouge has witnessed an uptick in interest in residential properties, fueled by both renovations in public spaces and community engagement initiatives. As more families and young professionals explore the area, the demand for homes, particularly single-family units, is expected to rise.
Home Value Estimator For River Rouge, MI
There are currently 3,147 real estate properties
in River Rouge, MI,
with a median automated valuation model (AVM) price
of $92,706.00. 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 $98,284.00, with the most expensive house
in River Rouge, MI, topping out
at $1,089,395.00 and the cheapest home
in River Rouge, MI,
clocking in at $10,191.00. 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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