Auburn Hills, MI

Population: 21,769
Average annual home appreciation rate: 1.53%
Total of homes for sale in this market: 61
Median home price: $141,336
Median Rent: $1,080 per room
Home price range: 39.69% of homes are between $124,001 – $249,000
Median sales price: Still gathering data
Number of homes: 52
Median foreclosure sales price: $98,277
Foreclosure discount: Still gathering data
Most common home type: 39.21% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 11.77%
Number of renters: 53.27%
Number of owner occupied: 46.74%
Number people living below poverty level: 13.29%
Unemployment rate: 5.40%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Auburn area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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