The Most Affordable Neighborhoods in Michigan-Martin, Detroit, MI by Home Value

 

Michigan-Martin, Detroit, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Michigan-Martin area can be challenging. Home prices in Michigan-Martin are now at a median cost of $75,051, lower than the Detroit average of $268,120.

The average cost of rent is $1,235/mo in Michigan-Martin, primarily driven by the current value of real estate in the Michigan-Martin area. In Michigan-Martin, 38.83% of households rent, and 81.21% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Michigan-Martin is $3,281 per month. Households that rent pay about 37.66% of their income on rent here. Michigan-Martin’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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