
Expensive
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These days, finding an affordable place to live in the Flat Rock Area area can be challenging. Home prices in Flat Rock Area are now at a median cost of $286,855, higher than the Flat Rock average of $281,506.
The average cost of rent is $1,126/mo in Flat Rock Area, primarily driven by the current value of real estate in the Flat Rock Area area. In Flat Rock Area, 16.42% of households rent, and 35.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Flat Rock Area is $8,402 per month. Households that rent pay about 13.40% of their income on rent here. Flat Rock Area’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Fordville, Southgate, MI: less expensive homes
- Downtown Wyandotte, Wyandotte, MI: less expensive homes
- Mount Carmel, Wyandotte, MI: less expensive homes
- Emmons Orchard, Lincoln Park, MI: less expensive homes
- Southwestern Outer Drive, Dearborn, MI: less expensive homes
- Snow Woods, Dearborn, MI: less expensive homes
- Boynton, Detroit, MI: less expensive homes
- West Downtown Dearborn, Dearborn, MI: less expensive homes
- Dearborn Hills, Dearborn, MI: higher priced homes
- East Downtown Dearborn, Dearborn, MI: less expensive homes
Neighborhoods with Similar Populations
- Whitestone, Queens, NY: higher priced homes
- Auburn Gresham, Chicago, IL: less expensive homes
- Whiskey Point, Chicago, IL: less expensive homes
- Baker-Zachary Area, Baker, LA: equally priced homes
- Bassickville Historic District, Bridgeport, CT: equally priced homes
- Belair-Edison, Baltimore, MD: less expensive homes
- Westside, Santa Cruz, CA: higher priced homes
- Bernal Heights, San Francisco, CA: higher priced homes
- Westlake-San Francisco, Daly City, CA: higher priced homes
- West Loch, Waipahu, HI: higher priced homes
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