Niles, MI

Niles is a small town located in Oakland County, Michigan. The population of Niles was 10,959 as of the 2010 census. It is part of the Rochester Hills area and is home to many businesses and attractions such as Meijer, IKEA, and H&R Block.

Real estate in Niles has seen a lot of growth over the past few years. In fact, according to data from The Real Estate Board of Greater Detroit (REBGV), the median sale price for single-family homes in Niles increased by 21% from $187,000 in 2009 to $236,000 in 2013. This trend seems to be continuing; as of May 2016, the median sale price for single-family homes in Niles was $269,900.

One reason for this increase may be that there are a lot of new developments being built in and around Niles. For example, there is a new development called The Villages at Eastland that is scheduled to open later this year and will include more than 1,000 homes. Additionally, there are several new apartment complexes being built near downtown Niles too – including Park Place at Eastland (which has already opened) and Regency Village at Eastland (which is scheduled to open later this year).

Another reason why real estate prices have been increasing in Niles may be due to the fact that it is an affluent town with a high demand for housing. According to REBGV data, the median household income in Niles was $101,811 as of 2013 – which makes it one of the wealthiest towns in Oakland County! This high income level means that there are plenty of people who are able to afford property prices here – even if they don’t live right next door to an expensive house or apartment complex!

Overall though, it seems like real estate prices have been on the rise throughout most parts of Oakland County over recent years – which means that if you’re looking for somewhere affordable but still desirable to live in Michigan’s Eastern suburbs then you might want to consider checking out Niles!