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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 $108,713, lower than the Alabama average of $228,911.
The average cost of rent is $529/mo in Detroit, primarily driven by the current value of real estate in the Detroit area. In Detroit, 15.05% of households rent, and 53.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Detroit is $5,387 per month. Households that rent pay about 9.82% of their income on rent here. Detroit’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Henson Springs, AL: less expensive homes
- Fulton Bridge, AL: equally priced homes
- Parham, MS: higher priced homes
- Turon, MS: higher priced homes
- Greenwood Springs, MS: higher priced homes
- Hamilton, AL: equally priced homes
- Beaverton, AL: less expensive 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: less expensive 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: less expensive homes
- Drumore, PA: higher priced homes
- Westminster, OH: higher priced homes
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