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Affordable
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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 $137,500, lower than the Maine average of $330,167.
The average cost of rent is $1,098/mo in Detroit, primarily driven by the current value of real estate in the Detroit area. In Detroit, 17.69% of households rent, and 52.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Detroit is $4,259 per month. Households that rent pay about 25.78% of their income on rent here. Detroit’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pittsfield, ME: higher priced homes
- Plymouth, ME: higher priced homes
- Newport, ME: higher priced homes
- Palmyra, ME: higher priced homes
- Waverley, ME: higher priced homes
- East Newport, ME: higher priced homes
- West Palmyra, ME: higher priced homes
- Troy Center, ME: higher priced homes
- Burnham, ME: higher priced homes
- Troy, ME: higher priced homes
Cities with Similar Populations
- Cedar Grove, IN: higher priced homes
- Chocorua, NH: higher priced homes
- Chevy Chase Section Three, MD: higher priced homes
- Chestnut Gap, KY: less expensive homes
- Chesterhill, OH: equally priced homes
- Westfield, OH: higher priced homes
- Chapin, IL: less expensive homes
- Central Bridge, NY: higher priced homes
- Weston, LA: less expensive homes
- Christie, OK: higher priced homes
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