Why Live in Pontiac
Pontiac, Michigan, a suburban city with a rich automotive history, is experiencing a resurgence driven by new employers like United Wholesale Lending and Amazon. The city, once home to significant General Motors plants and the Pontiac Silverdome, now hosts Amazon's mid-Michigan fulfillment center and United Wholesale's headquarters, providing thousands of jobs. Pontiac features a variety of home styles, including single-story ranch, shotgun-style, American Foursquare, and colonial revival homes, with median prices around $140,000 as of December 2024. The city boasts eight major parks with amenities such as playgrounds, sports fields, and fishing spots, alongside 22 smaller parks. Downtown Pontiac, centered around the Woodward Avenue loop, offers local art galleries, breweries, restaurants, and the Flagstar Strand Theatre, attracting both national and local artists. For shopping, residents have access to grocery stores and a nearby Costco, with downtown Detroit just 30 miles southeast. Interstate 75 and Woodward Avenue provide connectivity to Detroit and beyond, with the Detroit Metropolitan Wayne County Airport 46 miles away. Trinity Health Oakland Hospital, located on Woodward Avenue, serves as a major healthcare provider and employer. Despite its growth, Pontiac faces challenges with cold winters and frequent snow.
Frequently Asked Questions
What is the average home price in Pontiac, MI?
Homes for sale in Pontiac, MI have an average home price of $167,589.
How many homes have sold over the last 12 months in Pontiac, MI?
516 homes have sold in Pontiac, MI over the last 12 months.
What are the most popular zip codes in Pontiac, MI?
What are the most popular neighborhoods in Pontiac, MI?
The most popular neighborhood in Pontiac, MI with the most homes for sale is
Downtown Pontiac.
How much do you need to make to afford a house in Pontiac?
The median home price in Pontiac is $150,000. If you put a 20% down payment of $30,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $780 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $33K a year to afford the median home price in Pontiac.
How are the schools in Pontiac, MI?
Home Trends in Pontiac, MI
On average, homes in Pontiac, MI sell after 35 days on the market compared to the national average of 50 days. The median sale price for homes in Pontiac, MI over the last 12 months is $145,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$145,000
Median Single Family Sale Price
$145,000
Median Townhouse Sale Price
$257,500
Median 2 Bedroom Sale Price
$128,500
Average Price Per Sq Ft
$133
Number of Homes for Sale
93
Last 12 months Home Sales
516
Median List Price
$150,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
7%
