Is it good idea to invest in real estate in Detroit Michigan?
Is it good idea to invest in real estate in Detroit Michigan? Despite remarkable gains over the past five years, Detroit’s housing market continues to offer opportunity for residents, making 2020 a great time to buy a home in Detroit. Between 2014 and 2020, average home values in the city more than doubled—the most robust growth in the nation.
Is Michigan good for real estate investment? 2 Best City for Real Estate Investment in America. If you’re looking to invest in the real estate market, Michigan is actually the perfect spot to do so, according to a new study. In fact, Michigan has the second best city for real estate investment in the entire U.S. How’s that for bragging rights?
Where can I buy investment property in Detroit?
- Harper Woods. Situated in Wayne County, Harper Woods is a neighborhood that can offer investors great returns.
- Dearborn Heights.
Is real estate still cheap in Detroit? Detroit is an Affordable & Growing Housing Market
While the general rates of the Detroit real estate market are increasing, buying a property here is still more affordable than in other competitive markets. Even though housing prices in Detroit are rising, among large cities, Detroit is still pretty affordable.