Southfield Township, MI is an affluent area with a median value of homes that are considerably higher than the US House median value of $338,100. In the past year, the housing market in Southfield Township showed a 7.58% appreciation rate, which is slightly lower than the national rate at 8.27%. This indicates that Southfield Township is a desirable place to live and invest in real estate. Overall, buying property in Southfield Township can be a good investment since it has shown consistent growth over time.
The median home cost in Southfield township is $538,000. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Southfield township is up 10.8%.
Average Age of Homes
- The median age of Southfield township real estate is 57 years old
The Rental Market in Southfield township
- Renters make up 10.3% of the Southfield township population
- 0.2% of houses and apartments in Southfield township, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.