Foreclosure Homes in Highland Park, MI

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Highland Park, MI Foreclosures

How much do homes sell for in Highland Park, MI?
The average home price is currently $69,888.
In Highland Park, MI, how many homes are available?
There are currently 9,021 active home listings available in Highland Park.
What’s the average rental cost in Highland Park, MI?
The average rental price in Highland Park is $1,540.
What is the most expensive home in Highland Park, Michigan?
The most expensive home sold in Highland Park had a price of $1,245,937.
What is currently the cheapest priced home in Highland Park, MI?
The cheapest home for sale in Highland Park is priced at $13,300.

Home Value Estimator For Highland Park, MI

There are currently 9,021 real estate properties in Highland Park, MI, with a median automated valuation model (AVM) price of $56,979.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Highland Park, 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 Highland Park, MI, is $69,888.00, with the most expensive house in Highland Park, MI, topping out at $1,245,937.00 and the cheapest home in Highland Park, MI, clocking in at $13,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Highland Park, MI!

Rent Prices In Highland Park, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Highland Park, MI, is on a rollercoaster ride. The average rent price in Highland Park, MI, is $1,540.00. Indeed, when looking to rent in Highland Park, MI, you can expect to pay as little as $620.00 or as much as $2,440.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Highland Park, 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.

Top Reasons To Live In Highland Park, MI In 2024

Highland Park is located in Wayne, Michigan, with an estimated municipal population of 10,775 residents. All of the best foreclosed homes for sale in Highland Park are located in the following zip code areas on 48203. The estimated population per square kilometer (.62 miles) in Highland Park is 1,400.

Cost Of Living In Highland Park, MI

So, about how much do homes cost in Highland Park? The most recent median value of resident-owned homes in Highland Park is 46,845. An estimated 36.9 percent of households in Highland Park own their homes, with an average family size of 3.38. The median household income in Highland Park is 18,474, with3.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Highland Park, the median commute time of resident workers (in minutes) is 24.1. And last, but certainly not least, are you looking for homes to rent in Highland Park? If so, the average rent price paid by renters in Highland Park is 596, according to recent statistics.

Diversity And Demographics In Highland Park, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Highland Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Highland Park is 39.6, split between 49.6 percent male versus 50.4 female. The percentage of residents who report being married in Highland Park is 16.9, with an average family size of 3.38.

The percentage of residents who report their race in Highland Park is as follows:

White 5.3%
Black / African American 91.7%
Asian 0.1%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 1.3%

Looking for family-friendly neighborhoods in and/or near Highland Park? Or maybe you are searching for 55+ active adult communities in and/or near Highland Park?

The percentage of residents who report their age in Highland Park is as follows:

Under 10 12.8%
Aged 10-19 14%
20s 15.6%
30s 7.9%
40s 9.8%
50s 14.4%
60s 11.4%
70s 9.1%
80+ 4.8%

Best Schools In Highland Park, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Highland Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Highland Park.

Pros And Cons Of Living In Highland Park, Michigan

How do you know that living in -- or moving to -- Highland Park is right where you need to be? Perhaps you grew up in Highland Park or already live nearby; therefore, the decision to buy a home in Highland Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Highland Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Highland Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Highland Park.

Reasons To Move To Highland Park, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Highland Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Highland Park, meanwhile, can field multiple offers from more qualified buyers.

Highland Park, MI Foreclosures


Listing types in Highland Park, MI

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