The Most Affordable Neighborhoods in Eight Mile Wyoming, Detroit, MI by Home Value

 

Eight Mile Wyoming, Detroit, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Eight Mile Wyoming area can be challenging. Home prices in Eight Mile Wyoming are now at a median cost of $60,849, lower than the Detroit average of $215,900.

The average cost of rent is $964/mo in Eight Mile Wyoming, primarily driven by the current value of real estate in the Eight Mile Wyoming area. While nearly 48.84% of residents own their homes outright in Eight Mile Wyoming, 41.88% rent.

Housing affordability isn’t just about home prices, though. The average household income in Eight Mile Wyoming is $3,192 per month. Households that rent pay about 30.20% of their income on rent here. Eight Mile Wyoming's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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