Rent to own Homes in Southgate, MI
Southgate, MI is a medium-sized city that's located just outside of Detroit. It's a city that has plenty of housing and job opportunities available and attracts people from all walks of life. Southgate residents enjoy easy access to public transportation, airports, entertainment venues, college campuses and medical facilities. Southgate started out as a suburban community and enjoyed a nice population boom after the end of World War II. Many of the buildings and houses in the city were constructed between the mid-1940's and 1999.
Southgate, MI is a great place for affordable rent-to-own homes! With a median household income of over $59,975 and a median rent of $905, the Southgate, 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 Southgate, 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 Southgate, MI Property Resources
Rent to own Homes in Cities Near Southgate, MI
- Allen Park
- Berkley
- Beverly Hills
- Bingham Farms
- Birmingham
- Bloomfield Hills
- Carleton
- Center Line
- Clawson
- Dearborn
- Dearborn Heights
- Detroit
- Eastpointe
- Ecorse
- Estral Beach
- Farmington
- Farmington Hills
- Ferndale
- Franklin
- Garden City
- Gibraltar
- Grosse Ile
- Grosse Pointe Park
- Grosse Pointe Woods
- Hamtramck
- Hazel Park
- Highland Park
- Huntington Woods
- Lathrup Village
- Lincoln Park
- Livonia
- Melvindale
- New Boston
- Newport
- Northville
- Novi
- Pleasant Ridge
- Redford
- Riverview
- Romulus
- Roseville
- Southfield
- Sterling Heights
- Stony Point
- Taylor
- Troy
- Warren
- Wayne
- Woodhaven
- Woodland Beach
Neighborhoods in Southgate, MI
No neighborhoods foundPopular Zip Codes in Southgate, MI
48195 rent to own homesBuying a Home in Southgate, MI
Southgate, MI is seeing rapid growth and Southgate, MI's' housing market remains optimal with an average home price that is -42% below the 2024 national average. Southgate, MI is part of Wayne 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 Wayne is 2.07% which is above the national average, which is 0.99%.
Median Home Price in Southgate, MI
Median Rent in Southgate, MI
Top 5 Reasons to Live in Southgate
Valuable homes and low prices! With a low vacancy rate of 5.85 percent, now is the time to get in and find your property. The median home value is high at $110,488, meaning you'll get a valuable home when you buy you house. Look for a house for sale around Balsam Street or Birrell Street to get the most bang for your buck.
Restaurants to fulfill every craving! Whatever you feel like, there is a restaurant for you. If you are craving some Lebanese food, try out Beirut Garden, the first Lebanese restaurant in the area. There's also Sushi Kami if you're in the mood for some sushi. It's not a fancy restaurant, but it does serve delicious fish.
Great Golfing! Even though the climate means that the golf season is short, this doesn't stop anyone from hitting the green whenever they have a few hours to spare. There are several golf courses scattered near Southgate MI, including one right in the heart of the city where golfers will enjoy 18 excellent holes as well as a great clubhouse. The South Winds Golf Club is an excellent choice for golfers. They offer a buffet or sit-down meals, outdoor barbecues, tournaments and events and even have a Ladies Golf League every Monday and Thursday.
A Variety of Housing Choices! Both the Eureka Road and the Dix Toledo Road Neighborhoods provide a great selection of rent to own housing options. With 13,062 apartments and houses and 68.87 percent of properties owner-occupied, the market is better suited for renters. Many of the apartments in this neighborhood are designed to be small studio spaces or larger one and two bedroom flats. There are also single family parcels of land available. Most of the available real estate in this area was developed within the last 40 years.
Plenty of room to play! Adults and kids alike will enjoy the fact that there are plenty of opportunities to get outside and exercise in Southgate. There's a total of nine different parks, each with its own amenities, in scattered throughout the city including Homer Howard Park, Spruce Park and Waverly Park.