Will home prices go up much in the next 2-3 years in the Metro Detroit area?

[Bham1982]

. I also scratched Bloomfield, West Bloomfield and Birmingham off the list because homes are much more expensive in those areas because they are so luxurious from what I have heard.

These communities are hardly uniformly "luxurious". There are 40k condos in Bloomfield Township and rundown bungalows in Birmingham [[east of Woodward) for not a ton more.

There are, of course, fancy neighborhoods, but they aren't the bulk of the area. I don't think you'll be buying on Vaughn Rd.

BTW, the cities you list are wildly disparate. Madison Heights, for example, is dirt-cheap, and you're price range is well above the market.

[Wolverine607]

These communities are hardly uniformly "luxurious". There are 40k condos in Bloomfield Township and rundown bungalows in Birmingham [[east of Woodward) for not a ton more.

There are, of course, fancy neighborhoods, but they aren't the bulk of the area. I don't think you'll be buying on Vaughn Rd.

BTW, the cities you list are wildly disparate. Madison Heights, for example, is dirt-cheap, and you're price range is well above the market.

Thanks for your advice. Just a quick question. My grandma had lived in Madison Heights before she passed on and it seems like a fine area. How come a home of the same size and same condition in Madison Heights costs much less than a comparable home in Troy or Rochester Hills. I know school systems are much better in Troy and Rochester Hills. But are there any other reasons as well that I should be aware of?

[Bham1982]

My grandma had lived in Madison Heights before she passed on and it seems like a fine area. How come a home of the same size and same condition in Madison Heights costs much less than a comparable home in Troy or Rochester Hills.

Schools, taxes, and reputation, mostly.

Madison Heights has two school districts, both relatively low performing, has high taxes, and an overall less than stellar reputation.