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 $111,548, lower than the Illinois average of $242,002.
The average cost of rent is $561/mo in Detroit, primarily driven by the current value of real estate in the Detroit area. While nearly 38.93% of residents own their homes outright in Detroit, 14.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Detroit is $3,851 per month. Households that rent pay about 14.57% of their income on rent here. Detroit's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Milton, IL: less expensive homes
- Time, IL: less expensive homes
- Valley City, IL: less expensive homes
- Griggsville, IL: equally priced homes
- Pittsfield, IL: equally priced homes
- Montezuma, IL: less expensive homes
- Maysville, IL: less expensive homes
- Independence, IL: less expensive homes
- Oxville, IL: less expensive homes
- New Salem, IL: less expensive homes
Cities with Similar Populations
- Robbs, MS: less expensive homes
- Lime Rock, CT: higher priced homes
- Limekiln, PA: higher priced homes
- Linn, OK: higher priced homes
- Linwood, MS: less expensive homes
- Little Creek, DE: less expensive homes
- Little Falls, WA: higher priced homes
- Mabbettsville, NY: higher priced homes
- Riverdale, VA: higher priced homes
- Roaring Springs, TX: less expensive homes
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