There are currently 3,009 real estate properties in River Rouge, MI, with a median automated valuation model (AVM) price of $53,400.00. 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 $55,838.00, with the most expensive house in River Rouge, MI, topping out at $461,000.00 and the cheapest home in River Rouge, MI, clocking in at $27,100.00. In other words, there’s something for every potential homebuyer or savvy investor 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 $1,206.00. Indeed, when looking to rent in River Rouge, MI, you can expect to pay as little as $780.00 or as much as $2,120.00, with the average rent median estimated to be $1,190.00. 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the River Rouge, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in River Rouge, MI and much more. Save thousands at closing with home foreclosure listings in River Rouge, MI — up to 75% off market value!
River Rouge is located in Wayne, Michigan, with an estimated municipal population of 7,419 residents. All of the best foreclosed homes for sale in River Rouge are located in the following zip code areas on Foreclosure.com: 48218 48222. The estimated population per square kilometer (.62 miles) in River Rouge is 1,079.
So, about how much do homes cost in River Rouge? The most recent median value of resident-owned homes in River Rouge is 38,334. An estimated 54.9 percent of households in River Rouge own their homes, with an average family size of 3.31. The median household income in River Rouge is 25,517, with5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in River Rouge, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in River Rouge? If so, the average rent price paid by renters in River Rouge is 585, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to River Rouge, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in River Rouge is 34.4, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in River Rouge is 34.1, with an average family size of 3.31.
The percentage of residents who report their race in River Rouge is as follows:
|Black / African American||48.9%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near River Rouge? Or maybe you are searching for 55+ active adult communities in and/or near River Rouge?
The percentage of residents who report their age in River Rouge is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in River Rouge with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in River Rouge.
How do you know that living in -- or moving to -- River Rouge is right where you need to be? Perhaps you grew up in River Rouge or already live nearby; therefore, the decision to buy a home in River Rouge is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to River Rouge for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in River Rouge:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like River Rouge.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in River Rouge can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in River Rouge, meanwhile, can field multiple offers from more qualified buyers.