Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ravendale area can be challenging. Home prices in Ravendale are now at a median cost of $42,723, lower than the Detroit average of $215,900.
The average cost of rent is $831/mo in Ravendale, primarily driven by the current value of real estate in the Ravendale area. While nearly 80.84% of residents own their homes outright in Ravendale, 37.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ravendale is $2,624 per month. Households that rent pay about 31.69% of their income on rent here. Ravendale's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Conner, Detroit, MI: equally priced homes
- Chandler Park, Detroit, MI: higher priced homes
- Lasalle College Park, Detroit, MI: less expensive homes
- Morningside, Detroit, MI: higher priced homes
- St Jean, Detroit, MI: higher priced homes
- Denby, Detroit, MI: higher priced homes
- Van Steuban, Detroit, MI: equally priced homes
- Yorkshire Woods, Detroit, MI: equally priced homes
- Burbank, Detroit, MI: equally priced homes
- East English Village, Detroit, MI: higher priced homes
Neighborhoods with Similar Populations
- Prince Tucson, Tucson, AZ: higher priced homes
- Northridge, Orem, UT: higher priced homes
- Northside Hester Park, St. Cloud, MN: higher priced homes
- Norton Commons, Prospect, KY: higher priced homes
- Oak Haven Heights, San Antonio, TX: higher priced homes
- Oakhurst, Charlotte, NC: higher priced homes
- O'Fallon, St. Louis, MO: higher priced homes
- Old West Tampa, Tampa, FL: higher priced homes
- Olympus Pointe, Roseville, CA: higher priced homes
- Orchard, Oxnard, CA: higher priced homes
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