There are currently 17,611 real estate properties in Pontiac, MI, with a median automated valuation model (AVM) price of $109,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pontiac, 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 Pontiac, MI, is $126,729.00, with the most expensive house in Pontiac, MI, topping out at $2,865,932.00 and the cheapest home in Pontiac, MI, clocking in at $10,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Pontiac, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pontiac, MI, is on a rollercoaster ride. The average rent price in Pontiac, MI, is $1,047.00. Indeed, when looking to rent in Pontiac, MI, you can expect to pay as little as $550.00 or as much as $2,620.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Pontiac, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Pontiac, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Pontiac, MI and much more. Save thousands at closing with home foreclosure listings in Pontiac, MI — up to 75% off market value!
Pontiac is located in Oakland, Michigan, with an estimated municipal population of 59,438 residents. All of the best foreclosed homes for sale in Pontiac are located in the following zip code areas on Foreclosure.com: 48342 48340 48341 48343. The estimated population per square kilometer (.62 miles) in Pontiac is 1,154.
So, about how much do homes cost in Pontiac? The most recent median value of resident-owned homes in Pontiac is 67,848. An estimated 40.5 percent of households in Pontiac own their homes, with an average family size of 3.45. The median household income in Pontiac is 33,568, with9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pontiac, the median commute time of resident workers (in minutes) is 22.5. And last, but certainly not least, are you looking for homes to rent in Pontiac? If so, the average rent price paid by renters in Pontiac is 815, according to recent statistics.
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 Pontiac, 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 Pontiac is 31.9, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Pontiac is 25.9, with an average family size of 3.45.
The percentage of residents who report their race in Pontiac is as follows:
|Black / African American||50.7%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Pontiac? Or maybe you are searching for 55+ active adult communities in and/or near Pontiac?
The percentage of residents who report their age in Pontiac is as follows:
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 Pontiac with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pontiac.
How do you know that living in -- or moving to -- Pontiac is right where you need to be? Perhaps you grew up in Pontiac or already live nearby; therefore, the decision to buy a home in Pontiac is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pontiac 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 Pontiac:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pontiac.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pontiac can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pontiac, meanwhile, can field multiple offers from more qualified buyers.
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