Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Park area can be challenging. Home prices in Park are now at a median cost of $61,013, lower than the Redford average of $105,660.
The average cost of rent is $1,289/mo in Park, primarily driven by the current value of real estate in the Park area. While nearly 60.80% of residents own their homes outright in Park, 30.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Park is $4,868 per month. Households that rent pay about 26.48% of their income on rent here. Park's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Weatherby, Detroit, MI: less expensive homes
- Franklin Park, Detroit, MI: less expensive homes
- Castle Rouge, Detroit, MI: equally priced homes
- Warrendale, Detroit, MI: less expensive homes
- Garden View, Detroit, MI: less expensive homes
- Brightmoor, Detroit, MI: less expensive homes
- Grandale, Detroit, MI: less expensive homes
- Dearborn Hills, Dearborn, MI: higher priced homes
- Rosedale Park, Detroit, MI: higher priced homes
- Schoolcraft Southfield, Detroit, MI: equally priced homes
Neighborhoods with Similar Populations
- Millview East, San Marcos, TX: higher priced homes
- Brooklands Park, Rochester Hills, MI: higher priced homes
- Old Town Florissant, Florissant, MO: higher priced homes
- Granville, Prescott Valley, AZ: higher priced homes
- Duveneck-Saint Francis, Palo Alto, CA: higher priced homes
- Echo Highlands, Birmingham, AL: higher priced homes
- Fire Mountain, Oceanside, CA: higher priced homes
- Franklin Falls, Franklin, NH: higher priced homes
- Millbrooke Ranch, Pinellas Park, FL: higher priced homes
- Southwood, Richmond, VA: higher priced homes
All Local Stats
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