Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hazel Park area can be challenging. Home prices in Hazel Park are now at a median cost of $106,329, lower than the Michigan average of $196,062.
The average cost of rent is $1,035/mo in Hazel Park, primarily driven by the current value of real estate in the Hazel Park area. While nearly 39.84% of residents own their homes outright in Hazel Park, 42.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hazel Park is $4,102 per month. Households that rent pay about 25.24% of their income on rent here. Hazel Park's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Ferndale, MI: higher priced homes
- Pleasant Ridge, MI: higher priced homes
- Highland Park, MI: less expensive homes
- Madison Heights, MI: higher priced homes
- Warren, MI: higher priced homes
- Center Line, MI: higher priced homes
- Huntington Woods, MI: higher priced homes
- Royal Oak, MI: higher priced homes
- Oak Park, MI: higher priced homes
- Hamtramck, MI: less expensive homes
Cities with Similar Populations
- Maiden, NC: higher priced homes
- Raynham, MA: higher priced homes
- Minooka, IL: higher priced homes
- Milford, PA: higher priced homes
- Milford, NH: higher priced homes
- Mccalla, AL: higher priced homes
- Marumsco, VA: higher priced homes
- Martin, TN: higher priced homes
- Marshall, MN: higher priced homes
- Marinette, WI: equally priced homes
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