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Foreclosure Homes in Lathrup Village, MI

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Rainbow-dr-Lathrup-village-MI-48076
Preforeclosure
$247,372 EMV

Rainbow Dr
Lathrup Village, MI 48076

3 Bed | 3 Bath | 1,960 Sq. Ft.

Margate-ave-Lathrup-village-MI-48076
Bankruptcy
$235,535 EMV

Margate Ave
Lathrup Village, MI 48076

3 Bed | 2.5 Bath | 3,037 Sq. Ft.

California-dr-nw-Lathrup-village-MI-48076
Bankruptcy
$255,037 EMV

California Dr Nw
Lathrup Village, MI 48076

30 San-jose-ct-Lathrup-village-MI-48076
As-Is Deal
$375,000 List Price

San Jose Ct
Lathrup Village, MI 48076

3 Bed | 4 Bath | 5,307 Sq. Ft.

Displaying 1 - 4 of 4
 

Foreclosure Homes in Lathrup Village, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lathrup Village, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lathrup Village, MI and much more. Save thousands at closing with home foreclosure listings in Lathrup Village, MI — up to 75% off market value!


Top Reasons To Live In Lathrup Village, MI In 2021

Lathrup Village is located in Oakland, Michigan, with an estimated municipal population of 4,091 residents. All of the best foreclosed homes for sale in Lathrup Village are located in the following zip code areas on Foreclosure.com: 48076. The estimated population per square kilometer (.62 miles) in Lathrup Village is 1,048.


Cost Of Living In Lathrup Village, MI

So, about how much do homes cost in Lathrup Village? The most recent median value of resident-owned homes in Lathrup Village is 198,022. An estimated 95.6 percent of households in Lathrup Village own their homes, with an average family size of 3.41. The median household income in Lathrup Village is 92,199, with46.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lathrup Village, the median commute time of resident workers (in minutes) is 24.2. And last, but certainly not least, are you looking for homes to rent in Lathrup Village? If so, the average rent price paid by renters in Lathrup Village is 1,234, according to recent statistics.


Diversity And Demographics In Lathrup Village, 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 Lathrup Village, 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 Lathrup Village is 44.8, split between 53.6 percent male versus 46.4 female. The percentage of residents who report being married in Lathrup Village is 47.9, with an average family size of 3.41.

The percentage of residents who report their race in Lathrup Village is as follows:

White 32.6%
Black / African American 62.8%
Asian 0.2%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.4%
Other 0.5%

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

The percentage of residents who report their age in Lathrup Village is as follows:

Under 10 7.4%
Aged 10-19 13.8%
20s 15.3%
30s 6.7%
40s 14.9%
50s 14.9%
60s 16.8%
70s 8.1%
80+ 2.1%

Best Schools In Lathrup Village, 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 Lathrup Village with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lathrup Village.


Pros And Cons Of Living In Lathrup Village, Michigan

How do you know that living in -- or moving to -- Lathrup Village is right where you need to be? Perhaps you grew up in Lathrup Village or already live nearby; therefore, the decision to buy a home in Lathrup Village is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lathrup Village 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 Lathrup Village:

  • 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 Lathrup Village.


Reasons To Move To Lathrup Village, Michigan, In 2021

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

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