Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lathrup Village area can be challenging. Home prices in Lathrup Village are now at a median cost of $213,691, higher than the Michigan average of $196,062.
The average cost of rent is $1,699/mo in Lathrup Village, primarily driven by the current value of real estate in the Lathrup Village area. While nearly 24.80% of residents own their homes outright in Lathrup Village, 10.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lathrup Village is $7,783 per month. Households that rent pay about 21.83% of their income on rent here. Lathrup Village's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Southfield, MI: less expensive homes
- Berkley, MI: higher priced homes
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- Oak Park, MI: less expensive homes
- Huntington Woods, MI: higher priced homes
- Bingham Farms, MI: higher priced homes
- Birmingham, MI: higher priced homes
- Royal Oak, MI: higher priced homes
- Franklin, MI: higher priced homes
- Pleasant Ridge, MI: higher priced homes
Cities with Similar Populations
- South Bay, FL: less expensive homes
- San Miguel, CA: higher priced homes
- Surf City, NC: higher priced homes
- Satsuma, FL: less expensive homes
- Sauk City, WI: higher priced homes
- Telford, TN: less expensive homes
- Saxonburg, PA: equally priced homes
- Scandia, MN: higher priced homes
- Schriever, LA: higher priced homes
- Schulenburg, TX: less expensive homes
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