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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 $160,420, lower than the Michigan average of $250,415.
The average cost of rent is $1,336/mo in Hazel Park, primarily driven by the current value of real estate in the Hazel Park area. In Hazel Park, 33.86% of households rent, and 41.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hazel Park is $5,856 per month. Households that rent pay about 22.81% of their income on rent here. Hazel Park’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced homes
- Center Line, MI: equally 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: less expensive homes
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