Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Detroit area can be challenging. Home prices in Detroit are now at a median cost of $66,540, lower than the Alabama average of $185,232.
The average cost of rent is $339/mo in Detroit, primarily driven by the current value of real estate in the Detroit area. While nearly 52.52% of residents own their homes outright in Detroit, 13.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Detroit is $4,577 per month. Households that rent pay about 7.42% of their income on rent here. Detroit's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Henson Springs, AL: equally priced homes
- Fulton Bridge, AL: higher priced homes
- Parham, MS: higher priced homes
- Turon, MS: higher priced homes
- Greenwood Springs, MS: higher priced homes
- Hamilton, AL: higher priced homes
- Beaverton, AL: equally priced homes
- Smithville, MS: higher priced homes
- New Salem, MS: higher priced homes
- Tilden, MS: higher priced homes
Cities with Similar Populations
- Dodge, TX: higher priced homes
- Vichy, MO: higher priced homes
- Ehrhardt, SC: higher priced homes
- Edisto Beach, SC: higher priced homes
- East Corinth, VT: higher priced homes
- Dufur, OR: higher priced homes
- Watterson Park, KY: higher priced homes
- Weiner, AR: higher priced homes
- Drumore, PA: higher priced homes
- Westminster, OH: higher priced homes
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