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 $204,800, lower than the Oregon average of $365,363.
The average cost of rent is $955/mo in Detroit, primarily driven by the current value of real estate in the Detroit area. While nearly 37.87% of residents own their homes outright in Detroit, 13.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Detroit is $4,780 per month. Households that rent pay about 19.98% of their income on rent here. Detroit's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Idanha, OR: higher priced homes
- Gates, OR: higher priced homes
- Marion Forks, OR: less expensive homes
- Mill City, OR: higher priced homes
- Three Lynx, OR: higher priced homes
- Lyons, OR: higher priced homes
- Mehama, OR: higher priced homes
- Marion, OR: higher priced homes
- Camp Sherman, OR: higher priced homes
- Cascadia, OR: higher priced homes
Cities with Similar Populations
- Jerome, MO: less expensive homes
- Suiter, VA: less expensive homes
- Jacksonville, PA: less expensive homes
- Westminster, NC: less expensive homes
- Sugar Valley, OH: less expensive homes
- Jenkins, IL: less expensive homes
- Sugar Grove, WV: less expensive homes
- Sublime, TX: higher priced homes
- Jerico, IA: less expensive homes
- Isom, KY: less expensive homes
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