Rent to own Homes in Berkley, MI
Berkley is a 2.2-square-mile suburb of Detroit that's home to more than 14,000 people. Thanks to Woodward Ave. on its eastern border, Berkley takes part in the annual classic car show known as the Woodward Dream Cruise. The downtown area offers many spots for eating, shopping and enjoying local events. While you're bound to get a bit chilly in winter--with lows in the 20s--you'll have plenty of heat in summer when highs are in the 80s.
Berkley, MI is a great place for affordable rent-to-own homes! With a median household income of over $93,038 and a median rent of $1,128, the Berkley, 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 Berkley, 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 Berkley, MI Property Resources
Rent to own Homes in Cities Near Berkley, MI
- Berkley
- Bingham Farms
- Birmingham
- Bloomfield Hills
- Canton
- Center Line
- Clawson
- Dearborn Heights
- Eastpointe
- Ecorse
- Farmington
- Fraser
- Garden City
- Grosse Ile
- Harrison Township
- Hazel Park
- Huntington Woods
- Keego Harbor
- Livonia
- Madison Heights
- Mount Clemens
- New Boston
- Northville
- Oakland
- Pleasant Ridge
- Plymouth
- River Rouge
- Riverview
- Romulus
- Roseville
- Southfield
- Southgate
- St. Clair Shores
- Sterling Heights
- Sylvan Lake
- Taylor
- Trenton
- Troy
- Utica
- Village of Clarkston
- Walled Lake
- Waterford
- Wayne
- West Bloomfield
- Westland
- White Lake
- Wixom
- Wolverine Lake
- Woodhaven
- Wyandotte
Neighborhoods in Berkley, MI
Downtown Berkley rent to own homesPopular Zip Codes in Berkley, MI
48072 rent to own homesBuying a Home in Berkley, MI
Berkley, MI is seeing rapid growth and Berkley, MI's' housing market remains not optimal with an average home price that is 2% above the 2025 national average. Berkley, 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 2025 for county Oakland is 1.75% which is above the national average, which is 0.99%.
Median Home Price in Berkley, MI
Median Rent in Berkley, MI
Top 5 Reasons to Live in Berkley, MI
Home prices on the rise! Sales prices on homes in Berkley are going up, which means that getting a home here as soon as possible is a wise move. This increase is also a good indicator of the healthy housing market in Berkley. Look for homes for sale around the junction of Edwards Ave and Wakefield Rd or in the Catalpa Dr and Ellwood Ave neighborhood.
Increasing appreciation rates! With appreciation rates in Berkley going up, purchasing a new home here is a great financial investment. Check out available homes in the Columbia Rd. and Coolidge Hwy neighborhood or the 12 Mile Rd and Coolidge Hwy neighborhood. Keep in mind that rent to own homes are another option if you're not quite ready to settle down permanently.
Great dining options! Berkley has several places to order a meal if you want to eat out. At O'Mara's Restaurant, enjoy a New York strip steak or Dublin broil with some cream of Irish potato soup on the side. Crispelli's Bakery and Pizza also has a menu full of tasty items, including chicken and bacon three-cheese macaroni and deep dish pizza.
Local events! Berkley holds several fun local events to enjoy throughout the year. The Holiday Lights Parade takes place on the first Saturday of December in downtown Berkley. It features vintage trolley rides along 12 Mile Road and a tree lighting ceremony in front of City Hall. The Berkley Art Bash is another fun downtown event, which fills up 12 Mile Road between Greenfield and Coolidge each June.
Music and shopping! The Berkley Music Company offers piano, guitar, woodwinds and brass lessons and carries a wide selection of instruments. Berkley also offers many great local stores, whether you need some groceries or want to add some new items to your wardrobe. One of the more unusual shopping places is Catching Fireflies, which carries a selection of handmade gifts and home decor.
