Clayton, MI

Real estate in Clayton, MI is a hot commodity. With a population of just over 10,000 people, the city has seen an influx of new residents and businesses in recent years. This has led to an increase in demand for housing and commercial space, which has driven up prices across the board.

Clayton is located in Macomb County just north of Detroit. The city is bordered by Warren to the east, Royal Oak to the south, Madison Heights to the west and Clawson to the north. The downtown area contains a mix of residential and commercial properties with a concentration on small businesses and office space. There are also several large shopping centers located within close proximity to downtown Clayton including Macomb Mall and Crossroads Shopping Center.

The average price for residential property in Clayton was $128,000 as of May 2017 according to data from Zillow. This represents an increase of 8% from 2016 when the average price was $122,000. The median price for residential property was $119,500 during this same time period which indicates that there is a wide range of prices available within the city limits. Commercial real estate prices have also seen significant growth over recent years with an average price of $160 per square foot as of May 2017 compared to $130 per square foot five years ago. This indicates that there is strong demand for commercial space within Clayton despite limited availability.

One reason why real estate prices have increased so much in Clayton is due to its proximity to major metropolitan areas such as Detroit and Ann Arbor which are both growing rapidly economically. Additionally, many new businesses have moved into Clayton recently which has created additional demand for office space and retail locations. While there may be some limited supply available for purchase within the city limits at present, it is likely that prices will continue to rise over time as more investors become interested in this market segment