Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Kranz Woods area can be challenging. Home prices in Kranz Woods are now at a median cost of $58,150, lower than the Detroit average of $268,120.
The average cost of rent is $1,073/mo in Kranz Woods, primarily driven by the current value of real estate in the Kranz Woods area. In Kranz Woods, 38.47% of households rent, and 66.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Kranz Woods is $3,632 per month. Households that rent pay about 29.53% of their income on rent here. Kranz Woods’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Pershing, Detroit, MI: higher priced homes
- Conant Gardens, Detroit, MI: equally priced homes
- State Fair-Nolan, Highland Park, MI: higher priced homes
- Buffalo Charles, Detroit, MI: higher priced homes
- Airport, Detroit, MI: higher priced homes
- Van Steuban, Detroit, MI: less expensive homes
- Lasalle College Park, Detroit, MI: equally priced homes
- Downtown Hamtramck, Hamtramck, MI: higher priced homes
- Pulaski, Detroit, MI: higher priced homes
- Chene, Detroit, MI: higher priced homes
Neighborhoods with Similar Populations
- Yorkshire Woods, Detroit, MI: equally priced homes
- Hudson Avenue Historic District, Newark, OH: higher priced homes
- The Reserve, Port St. Lucie, FL: higher priced homes
- The Ws, The Colony, TX: higher priced homes
- Captain John Mullan, Missoula, MT: higher priced homes
- Thurston, Ann Arbor, MI: higher priced homes
- Canton, Salisbury, MD: higher priced homes
- Camp Curtin, Harrisburg, PA: higher priced homes
- Brookhaven, Norman, OK: higher priced homes
- Vancouver Heights, Vancouver, WA: higher priced homes
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