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Rent To Own Homes in Southfield, MI

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Southfield, MI Foreclosures

How much do homes sell for in Southfield, MI?
The average home price is currently $262,791.
In Southfield, MI, how many homes are available?
There are currently 28 active home listings available in Southfield.
What’s the average rental cost in Southfield, MI?
The average rental price in Southfield is $1,499.
What is the most expensive home in Southfield?
The most expensive home sold in Southfield had a price of $26,231,408.
What is currently the cheapest priced home in Southfield, MI?
The cheapest home for sale in Southfield is priced at $15,578.

Living in Southfield, MI

Southfield, MI, is a dynamic suburban community offering a mix of residential, commercial, and recreational opportunities. With top-rated schools, plentiful parks, and a strong business presence, it is ideal for families and professionals seeking a balanced lifestyle. Its strategic location provides easy access to Detroit and surrounding areas via major highways and public transport.

Current Market Conditions in Southfield, MI

The real estate market in Southfield is currently experiencing a steady demand, with a balanced mix of buyers and sellers. Home prices have shown a moderate appreciation, reflecting the city's appealing amenities and proximity to Detroit. The ongoing development projects in the area are contributing to a healthy market, attracting more investors and first-time homebuyers.

With a diverse selection of homes, from single-family residences to townhouses, Southfield caters to various demographics and preferences. The market is characterized by strong interest in affordable housing options, which continues to drive up demand in the suburban areas.

Home Value Estimator For Southfield, MI

There are currently 22,462 real estate properties in Southfield, MI, with a median automated valuation model (AVM) price of $259,371.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Southfield, 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 Southfield, MI, is $262,791.00, with the most expensive house in Southfield, MI, topping out at $26,231,408.00 and the cheapest home in Southfield, MI, clocking in at $15,578.00. In other words, there’s something for every potential homebuyer or savvy investor in Southfield, MI!

Rent Prices In Southfield, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Southfield, MI, is on a rollercoaster ride. The average rent price in Southfield, MI, is $1,499.00. Indeed, when looking to rent in Southfield, MI, you can expect to pay as little as $640.00 or as much as $3,300.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Southfield, 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.

Southfield, MI Rent To Own Homes

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