Affordable
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These days, finding an affordable place to live in the Boston Edison area can be challenging. Home prices in Boston Edison are now at a median cost of $166,399, lower than the Detroit average of $268,120.
The average cost of rent is $981/mo in Boston Edison, primarily driven by the current value of real estate in the Boston Edison area. In Boston Edison, 40.33% of households rent, and 70.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boston Edison is $3,694 per month. Households that rent pay about 26.55% of their income on rent here. Boston Edison’s most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- New Center, Detroit, MI: higher priced homes
- Durfee, Detroit, MI: less expensive homes
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- Wayne State, Detroit, MI: higher priced homes
- Russell Woods, Detroit, MI: less expensive homes
- Chene, Detroit, MI: less expensive homes
- Downtown Hamtramck, Hamtramck, MI: less expensive homes
- Midtown-Detroit, Detroit, MI: higher priced homes
- Midwest, Detroit, MI: less expensive homes
- Core City, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Old Town, Beaumont, TX: less expensive homes
- Bonneville Hills, Salt Lake City, UT: higher priced homes
- Downtown Ashland, Ashland, OH: less expensive homes
- Downtown Geneva, Geneva, OH: less expensive homes
- South Main Street Historic District, Middletown, OH: less expensive homes
- Deercreek, Jacksonville, FL: higher priced homes
- Silver Swan, Milwaukee, WI: less expensive homes
- Conant Gardens, Detroit, MI: less expensive homes
- College Grandview District, Dubuque, IA: equally priced homes
- Evergreen Meadows, Evergreen, CO: higher priced homes
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