Rent to own Homes in Auburn Hills, MI
A northern suburb of Detroit, Auburn Hills has quite a bit going on. This city of 21,412 located alongside Interstate 75 is the home of the NBA's Detroit Pistons, three separate colleges, a large outlet mall and the headquarters of several large domestic and international corporations. Auburn Hills was originally a country retreat for Dodge founder John Dodge, but it has evolved over the years to become a powerhouse community in its own right.
Auburn Hills, MI is a great place for affordable rent-to-own homes! With a median household income of over $68,780 and a median rent of $1,147, the Auburn Hills, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Auburn Hills, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Auburn Hills, MI Property Resources
Rent to own Homes in Cities Near Auburn Hills, MI
- Allenton
- Armada
- Auburn Hills
- Beverly Hills
- Birmingham
- Capac
- Center Line
- Clarkston
- Clawson
- Clinton Township
- Commerce Township
- Dearborn
- Dearborn Heights
- Dryden
- Eastpointe
- Farmington Hills
- Ferndale
- Grosse Pointe
- Grosse Pointe Park
- Grosse Pointe Woods
- Huntington Woods
- Imlay City
- Keego Harbor
- Lake Angelus
- Lathrup Village
- Leonard
- Livonia
- Macomb
- New Haven
- Novi
- Oakland
- Orchard Lake Village
- Oxford
- Pleasant Ridge
- Pontiac
- Redford
- Rochester
- Rochester Hills
- Romeo
- Roseville
- Royal Oak
- Southfield
- St. Clair Shores
- Sylvan Lake
- Troy
- Village of Grosse Pointe Shores
- Walled Lake
- Warren
- Waterford
- White Lake
Neighborhoods in Auburn Hills, MI
No neighborhoods foundPopular Zip Codes in Auburn Hills, MI
48326 rent to own homesBuying a Home in Auburn Hills, MI
Auburn Hills, MI is seeing rapid growth and Auburn Hills, MI's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Auburn Hills, MI is part of Oakland county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Oakland is 1.75% which is above the national average, which is 0.99%.
Median Home Price in Auburn Hills, MI
Median Rent in Auburn Hills, MI
Top 4 Reasons to Live in Auburn Hills, Michigan
A hub of recreation! Auburn Hills is a great place for entertainment, whether you are looking for indoor or outdoor recreation. The Palace of Auburn Hills is the site of Detroit Pistons basketball games and hosts major concerts year-round, like Trans-Siberian Orchestra, Neil Diamond and Disney on Ice. Auburn Hills is also the home of eight parks, most notably the Clinton River Trail, a 16-mile walkway that connects Auburn Hills to neighboring Pontiac and Rochester Hills.
A variety of housing! Auburn Hills saw a big bump in housing construction during the 1990s, providing plenty of newer rent to own houses. The far northwest part of the city by Great Lakes Crossing Outlet Mall has plenty of these homes for sale, as does the City Center area by The Palace of Auburn Hills. Those looking for more established, classic homes can find ample housing stock in the central part of the city by Oakland University, Oakland Community College and Baker College.
Jobs, jobs, and more jobs! Auburn Hills is a business giant, as several companies have their international headquarters in the city. The Oakland Technology Park on the south side of the city is a major employer, housing the headquarters for Chrysler, Comerica, and EDS. Auburn Hills is also the home for Guardian Industries, RGIS Inventory Specialists, Faurecia, BorgWarner and Volkswagen/Audi's North American headquarters.
Low cost of living, high home appreciation! Now is a good time to buy property in Auburn Hills, as home values have appreciated 17.5 percent in the last year. Couple that with a cost of living index that's 11.6 percent lower than the national average, and it's a good time to buy a newer house in the southern part of the city in the neighborhoods along Squirrel Road or a classic home in the Oak Grove area just west of Interstate 75.