Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Southfield area can be challenging. Home prices in Southfield are now at a median cost of $374,434, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,438/mo in Southfield, primarily driven by the current value of real estate in the Southfield area. While nearly 38.97% of residents own their homes outright in Southfield, 10.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Southfield is $5,855 per month. Households that rent pay about 24.56% of their income on rent here. Southfield's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Mill River, MA: equally priced homes
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- New Marlboro, MA: less expensive homes
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- Canaan, CT: less expensive homes
- Sheffield, MA: equally priced homes
- South Sandisfield, MA: less expensive homes
- Sandisfield, MA: less expensive homes
- South Canaan, CT: equally priced homes
Cities with Similar Populations
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- Millville, MN: less expensive homes
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- Meridian, NY: less expensive homes
- Melvin, IL: less expensive homes
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