Southfield, MI

Population: 73,002
Average annual home appreciation rate: 9.98%
Total of homes for sale in this market: 99
Median home price: $142,314
Median Rent: $1,141
Home price range: 44.97% between $131,001 – $262,000
Median sales price: $113,000
Number of homes: 262
Median foreclosure sales price: $73,000
Foreclosure discount: 35.4%
Most common home type: 46.99% single family detached
Number of vacant homes: 11.48%
Number of renters: 50.23%
Number of owner occupied: 49.77%
Number people living below poverty level: 15.97%
Unemployment rate: 6.40%
Is this area perfect for real estate deals going on right now?

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