Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Five Points area can be challenging. Home prices in Five Points are now at a median cost of $124,974, lower than the Detroit average of $215,900.
The average cost of rent is $976/mo in Five Points, primarily driven by the current value of real estate in the Five Points area. While nearly 41.16% of residents own their homes outright in Five Points, 62.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Five Points is $3,681 per month. Households that rent pay about 26.52% of their income on rent here. Five Points's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Berg-Lasher, Detroit, MI: less expensive homes
- The Eye, Detroit, MI: less expensive homes
- Old Redford, Detroit, MI: less expensive homes
- Evergreen, Detroit, MI: less expensive homes
- Riverdale, Detroit, MI: less expensive homes
- O Hair Park, Detroit, MI: less expensive homes
- Brightmoor, Detroit, MI: less expensive homes
- North Rosedale Park, Detroit, MI: higher priced homes
- Greenfield, Detroit, MI: less expensive homes
- Castle Rouge, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Cedonia, Baltimore, MD: less expensive homes
- Stanton Heights, Pittsburgh, PA: higher priced homes
- Harris, Lehigh Acres, FL: higher priced homes
- Hanscom Park, Omaha, NE: equally priced homes
- South Cottonwood Acres, Murray, UT: higher priced homes
- Columbia Heights West, Arlington, VA: higher priced homes
- Wells-Goodfellow, St. Louis, MO: less expensive homes
- West Plaza, Kansas City, MO: higher priced homes
- West Village, Cuyahoga Falls, OH: equally priced homes
- Westside Development, Tucson, AZ: higher priced homes
All Local Stats
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