Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the New Center area can be challenging. Home prices in New Center are now at a median cost of $262,308, lower than the Detroit average of $268,120.
The average cost of rent is $970/mo in New Center, primarily driven by the current value of real estate in the New Center area. In New Center, 74.35% of households rent, and 41.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Center is $4,582 per month. Households that rent pay about 21.16% of their income on rent here. New Center’s most expensive areas are in the eastern 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.
Nearby Neighborhoods
- Boston Edison, Detroit, MI: less expensive homes
- Wayne State, Detroit, MI: higher priced homes
- Durfee, Detroit, MI: less expensive homes
- Chene, Detroit, MI: less expensive homes
- Downtown Hamtramck, Hamtramck, MI: less expensive homes
- Midtown-Detroit, Detroit, MI: higher priced homes
- Petosky-Otsego, Detroit, MI: less expensive homes
- Core City, Detroit, MI: less expensive homes
- Woodbridge, Detroit, MI: equally priced homes
- Russell Woods, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Sedgefield, Charlotte, NC: higher priced homes
- Jefferson Park, Charlottesville, VA: higher priced homes
- Keeney, Manchester, CT: higher priced homes
- Miller Creek, Missoula, MT: higher priced homes
- Newell South, Charlotte, NC: less expensive homes
- Overton, Mobile, AL: higher priced homes
- Parkside, Camden, NJ: less expensive homes
- Riverside, Tempe, AZ: higher priced homes
- Schenley, Youngstown, OH: less expensive homes
- Jacobsville, Evansville, IN: less expensive homes
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