Detroit, MI Rent To Own Homes

Rent to Own Homes in Detroit, MI: Everything You Should Know

Detroit, Michigan, is universally known as Motor City or Motown. Both names bring a sense of pride in those who have been directly or indirectly influenced by their impact. Today, the city is shaping its new course. Through incredibly diverse communities and even because of poverty, Detroit is applying the rules of sustainability to re-create a city of new prosperity and creativity.

The Cost of Living in Detroit

There are attractive elements of Detroit living that cannot be ignored. Consider that the costs of healthcare, groceries, and housing are all less than the national average. Detroit’s median home value is under $50,000. One can find a decent two-bedroom apartment for about $900. Consider the riverfront and Eastern Market, which provide history as well as great places to eat, or to spend your leisure time. The area’s outdoor opportunities provide space for exercise and or play for nominal expenses. 

Job Opportunities in Detroit, MI

There has been a disparity of visible wealth in Detroit for many years. However, grassroots and corporate organizations have been working together to create multiple channels for financial success. Some of the best-acknowledged companies to work for include General Motors, Ally Financial, and DTE Energy. 

With the recent national move to working online, comes the hope that more employment opportunities avail themselves to people in Detroit who were previously limited because of transportation or familial responsibilities. Innovation and creativity are not merely buzz words in Detroit, but character traits that earn individuals and businesses credit in the community. The Detroit Center for Innovation attests to this. 

Detroit Real Estate: Housing Availability

It is an ideal time to invest in buying a home in Detroit. In the last several months, the home values have gone up, and the prices have remained low. 

The Local Sports Scene

Whether one prefers American football (Lions) or basketball (Pistons), expect the fans to stick by their teams in decades of losses as well as significant victories. The Detroit Tigers (baseball) and Red Wings (hockey) have been two of the other professional sports teams that have drawn international enthusiasts. Several other sports are supported around the city including soccer, lacrosse, ultimate frisbee, boating, auto racing, and rugby. 

A Rich Local Culture

Aside from Detroit’s temporary economic downturns, the city’s treasures are its people and legacies. Henry Ford introduced assembly lines here to mass-produce vehicles. This gave better job opportunities to many people who had otherwise been treated on the fringe of society. African-Americans, especially, were drawn to Detroit for the sake of making better livelihoods. As post World War II brought more wealth across the country, civil rights were starting to surface in courts, film, stage, and radio. Berry Gordy took a nominal loan from his parents to create a music label that would mainstream African-American identity in American society. In a town that celebrated entrepreneurship, Motown was born.

Detroit has been a melting pot of races and backgrounds for over a century. Areas like Hamtramck, Corktown, Greektown, and Mexicantown have seen the more traditionally Western communities integrate with new ethnic groups from Asia and Africa. With significant financial losses in the corporate, personal, as well as municipality levels, the residents have not lost their hope for revitalization. The arts are exceptionally honored in Detroit. Theater, fashion, writing have been rewarded with events, academic reception, and real estate.