Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Old Redford area can be challenging. Home prices in Old Redford are now at a median cost of $119,997, lower than the Detroit average of $268,120.
The average cost of rent is $1,232/mo in Old Redford, primarily driven by the current value of real estate in the Old Redford area. In Old Redford, 49.59% of households rent, and 46.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Old Redford is $4,028 per month. Households that rent pay about 30.58% of their income on rent here. Old Redford’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Riverdale, Detroit, MI: less expensive homes
- Berg-Lasher, Detroit, MI: equally priced homes
- The Eye, Detroit, MI: less expensive homes
- Evergreen, Detroit, MI: less expensive homes
- Five Points, Detroit, MI: less expensive homes
- O Hair Park, Detroit, MI: less expensive homes
- North Rosedale Park, Detroit, MI: higher priced homes
- Brightmoor, Detroit, MI: less expensive homes
- Rosedale Park, Detroit, MI: higher priced homes
- Castle Rouge, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Rosedale Park, Detroit, MI: higher priced homes
- Lincoln Park-Buffalo, Tonawanda, NY: higher priced homes
- Lincoln Park-Syracuse, Syracuse, NY: equally priced homes
- Lincoln, San Rafael, CA: higher priced homes
- Longwood, Cypress, TX: higher priced homes
- Lowell, Colorado Springs, CO: higher priced homes
- Lower Clinton Hill, Newark, NJ: higher priced homes
- Mainland Park, Texas City, TX: higher priced homes
- Marietta, Jacksonville, FL: higher priced homes
- Nob Hill, Albuquerque, NM: higher priced homes
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