Affordable
Expensive
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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 $529,421, higher than the Detroit average of $268,120.
The average cost of rent is $1,759/mo in Downtown Detroit, primarily driven by the current value of real estate in the Downtown Detroit area. In Downtown Detroit, 97.72% of households rent, and 86.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Detroit is $5,632 per month. Households that rent pay about 31.24% of their income on rent here. Downtown Detroit’s most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced homes
- Staumbaugh Heller, Redwood City, CA: higher priced homes
- Eastridge, Wichita, KS: less expensive homes
- Eastlake Vistas, Chula Vista, CA: higher priced homes
- Stockade District, Kingston, NY: less expensive homes
- Royal Crown Estates, Novi, MI: higher priced homes
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