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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 $265,907.
In Southfield, MI, how many homes are available?
There are currently 31 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 $26,468,556.
What is currently the cheapest priced home in Southfield, MI?
The cheapest home for sale in Southfield is priced at $16,054.

Living in Southfield, MI

Southfield, MI is a suburban city known for its diverse culture, business opportunities, and family-friendly environment. It features a mix of shopping, dining, and outdoor activities, making it an attractive place to live and work. The city is well-connected through major transportation routes, enhancing accessibility to the metropolitan Detroit area.

Current Market Conditions in Southfield, MI

The real estate market in Southfield has shown resilience in recent months, with an uptick in home sales and heightened demand for properties. With an average sales price that remains competitive, buyers are increasingly looking to Southfield for affordable options as the metropolitan market continues to appreciate. The variety of property types available, from single-family homes to condominiums, appeals to a wide range of buyers.

Moreover, new commercial developments and infrastructure investments are contributing to the city's economic growth, which is expected to sustain the demand for housing. Investors and first-time homebuyers alike are drawn to Southfield due to its affordability and accessibility, especially as many seek refuge from higher prices in surrounding areas.

Home Value Estimator For Southfield, MI

There are currently 22,461 real estate properties in Southfield, MI, with a median automated valuation model (AVM) price of $259,993.00. 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 $265,907.00, with the most expensive house in Southfield, MI, topping out at $26,468,556.00 and the cheapest home in Southfield, MI, clocking in at $16,054.00. 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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