Multi-family Foreclosures in Woodhaven, MI 48138

Current Market Conditions in Woodhaven, MI

Woodhaven's real estate market is currently experiencing a significant upswing, with home values appreciating steadily over the past year. The combination of a family-oriented environment, good schools, and proximity to Detroit makes Woodhaven a desirable location for homebuyers. The demand for homes has increased, leading to a competitive market where homes tend to sell quickly.

The market reflects a balanced inventory, with both affordable options and more premium listings available. The rise in housing prices has also prompted interest from investors looking to capitalize on rental opportunities in the area, indicating a growing market presence.

Rent Prices In Woodhaven, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Woodhaven, MI, is on a rollercoaster ride. The average rent price in Woodhaven, MI, is $1,367.00. Indeed, when looking to rent in Woodhaven, MI, you can expect to pay as little as $650.00 or as much as $2,520.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Woodhaven, 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.