Home Price Key
Affordable
Average
Expensive
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 $209,714, lower than the Detroit average of $215,900.
The average cost of rent is $824/mo in New Center, primarily driven by the current value of real estate in the New Center area. While nearly 49.30% of residents own their homes outright in New Center, 69.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Center is $3,063 per month. Households that rent pay about 26.89% of their income on rent here. New Center's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Boston Edison, Detroit, MI: less expensive homes
- Wayne State, Detroit, MI: equally 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: higher 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
All Local Stats
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