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 $116,200, lower than the Maine average of $243,042.
The average cost of rent is $863/mo in Detroit, primarily driven by the current value of real estate in the Detroit area. While nearly 53.21% of residents own their homes outright in Detroit, 32.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Detroit is $3,104 per month. Households that rent pay about 27.80% of their income on rent here. Detroit's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Pittsfield, ME: equally priced homes
- Plymouth, ME: higher priced homes
- Newport, ME: higher priced homes
- Palmyra, ME: higher priced homes
- Waverley, ME: equally 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: higher priced homes
- Christie, OK: less expensive homes
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