Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Detroit area can be challenging. Home prices in Downtown Detroit are now at a median cost of $530,974, higher than the Detroit average of $215,900.
The average cost of rent is $1,574/mo in Downtown Detroit, primarily driven by the current value of real estate in the Downtown Detroit area. While nearly 82.52% of residents own their homes outright in Downtown Detroit, 96.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Detroit is $6,292 per month. Households that rent pay about 25.01% of their income on rent here. Downtown Detroit's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Lafayette Park, Detroit, MI: less expensive homes
- Midtown-Detroit, Detroit, MI: less expensive homes
- Elmwood Park, Detroit, MI: less expensive homes
- Wayne State, Detroit, MI: less expensive homes
- Woodbridge, Detroit, MI: less expensive homes
- Hubbard-Richard, Detroit, MI: less expensive homes
- Core City, Detroit, MI: less expensive homes
- Islandview, Detroit, MI: less expensive homes
- New Center, Detroit, MI: less expensive homes
- Southwest Detroit, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- East End, Charleston, WV: less expensive homes
- Fort Howard, Green Bay, WI: less expensive homes
- Fort Concho, San Angelo, TX: less expensive homes
- Skies West, Albuquerque, NM: less expensive homes
- Stanwood Park, South Portland, ME: less expensive homes
- Staumbaugh Heller, Redwood City, CA: higher priced homes
- Eastridge, Wichita, KS: less expensive homes
- Eastlake Vistas, Chula Vista, CA: equally priced homes
- Stockade District, Kingston, NY: less expensive homes
- Royal Crown Estates, Novi, MI: less expensive homes
All Local Stats
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