Short Sale Listings in Southfield, MI

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Foreclosure Homes in Southfield, MI

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

Top Reasons To Live In Southfield, MI In 2023

Southfield is located in Oakland, Michigan, with an estimated municipal population of 72,689 residents. All of the best foreclosed homes for sale in Southfield are located in the following zip code areas on 48033 48034 48075 48076 48037 48086. The estimated population per square kilometer (.62 miles) in Southfield is 1,068.

Cost Of Living In Southfield, MI

So, about how much do homes cost in Southfield? The most recent median value of resident-owned homes in Southfield is 155,712. An estimated 47.8 percent of households in Southfield own their homes, with an average family size of 3.1. The median household income in Southfield is 55,705, with22.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Southfield, the median commute time of resident workers (in minutes) is 24. And last, but certainly not least, are you looking for homes to rent in Southfield? If so, the average rent price paid by renters in Southfield is 1,125, according to recent statistics.

Diversity And Demographics In Southfield, 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 Southfield, 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 Southfield is 42.9, split between 45.2 percent male versus 54.8 female. The percentage of residents who report being married in Southfield is 36.5, with an average family size of 3.1.

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

White 23.1%
Black / African American 69.4%
Asian 2.3%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4%
Other 1%

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

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

Under 10 9.5%
Aged 10-19 10.9%
20s 14.3%
30s 11.8%
40s 12.3%
50s 12.6%
60s 14.2%
70s 8.9%
80+ 5.3%

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

Pros And Cons Of Living In Southfield, Michigan

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

  • 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 Southfield.

Reasons To Move To Southfield, Michigan, In 2023

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

Southfield, MI Short Sale Listings


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