City:
Southgate is a city in the state of michigan with a population of roughly 29,165. It is in Wayne County, Michigan the Detroit-Warren-Dearborn, MI core-based statistical areas (CBSA), and the Detroit-Warren-Ann Arbor, MI combined statistical area (CSA).Its Zip codes include 48195 .
When people think of real estate, they often think of large, expensive homes in suburban areas. However, there is a lot to be said for buying a home in a smaller town or city. One reason is that it can be much more affordable to buy a home in these areas. In Southgate, MI, for example, the median price of a home was just over $130,000 as of September 2017. This is considerably less than the median price of $248,500 found in the Detroit metropolitan area or the $269,900 median price found in Grand Rapids.
Another reason why buying a home in Southgate may be more affordable is that there are fewer homes available for sale here than in larger cities. This means that buyers have more choice when it comes to selecting which home they would like to purchase. Additionally, many homes here were built decades ago and may not meet today’s standards for quality and design. As such, buyers who are looking for something unique or special may find it harder to find what they are looking for in Southgate than in larger cities.
However, despite these advantages – affordability and availability – there are some drawbacks associated with living in Southgate. For one thing, this town is relatively small and therefore can feel crowded if you don’t like being around lots of other people. Additionally, while Southgate does have its share of charming neighborhoods and small businesses (particularly along Main Street), it doesn’t have as many high-end restaurants or shopping options as some other towns nearby do.
Price Index: Detroit-Dearborn-Livonia, MI (MSAD)