Tammy Miller![]() | ERA Martin & Associates
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This realtor has 11 recent and active property listings that range in price from $50,000 to $599,900. | |
Serving the areas of South Salem, Jackson, Frankfort, Beaver, Chillicothe, Bainbridge, Hallsville, Kingston, Waverly & Londonderry | |
Teresa Ketchell![]() Buying or selling? I will give my best personalized service along your journey. | Century 21 Empire Realty SE
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This realtor has 0 active or recent property listings for $0. | |
Serving the areas of Otway, Scioto Furnace, West Portsmouth, Wheelersburg, Ironton, McDermott, South Webster & Blue Creek | |
Read the reviews for Teresa Ketchell | |
Courtney Ward![]() | Rise Realty and Management Co.
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This realtor has 0 active or recent property listings for $0. | |
Serving the areas of McArthur, Franklin Furnace, Jackson, Piketon, Beaver, Kingston, Richmond Dale, Bourneville, Bainbridge & Chillicothe | |
Sara Bentley![]() | Kim Hill Real Estate LLC
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This realtor has 0 active or recent property listings for $0. | |
Serving the areas of Haverhill, Franklin Furnace, Minford, Wheelersburg, Otway, McDermott, Lucasville, South Webster, Blue Creek & Ironton |
I can help you with that! Here are some of the advantages and disadvantages of homeownership in Detroit, Michigan:
Advantages:
- Home prices in Detroit are generally more affordable compared to other cities in the US, which means you may be able to get more house for your money.
- The city is experiencing a revitalization, with an increase in population, jobs, and economic growth, which may lead to increasing property values.
- Homeowners in Detroit have access to a variety of amenities, such as parks, museums, historic sites, and cultural events.
- Owning a home can offer long-term financial benefits, such as building equity and providing a stable, predictable housing payment.
Disadvantages:
- The city has a high crime rate, which may impact your safety and property values.
- Parts of the city have a declining population and a higher number of vacant homes, which can lower property values around those areas.
- Detroit has higher property taxes compared to other cities in Michigan, which could increase your monthly housing payment.
- As with any city, the housing market can be unpredictable, so there is always some level of risk involved in buying a home.
It's important to do your own research and talk to a real estate agent or financial advisor before making any big decisions about homeownership in Detroit or anywhere else.