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 $173,782, lower than the Michigan average of $196,062.
The average cost of rent is $1,211/mo in Southfield, primarily driven by the current value of real estate in the Southfield area. While nearly 33.68% of residents own their homes outright in Southfield, 54.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Southfield is $4,926 per month. Households that rent pay about 24.59% 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
- Lathrup Village, MI: higher priced homes
- Bingham Farms, MI: higher priced homes
- Beverly Hills, MI: higher priced homes
- Franklin, MI: higher priced homes
- Berkley, MI: higher priced homes
- Oak Park, MI: less expensive homes
- Huntington Woods, MI: higher priced homes
- Birmingham, MI: higher priced homes
- Royal Oak, MI: higher priced homes
- Pleasant Ridge, MI: higher priced homes
Cities with Similar Populations
- Quincy, MA: higher priced homes
- Pleasanton, CA: higher priced homes
- Palm Bay, FL: equally priced homes
- Pasco, WA: higher priced homes
- Owensboro, KY: less expensive homes
- Orem, UT: higher priced homes
- Phoenix, AZ: higher priced homes
- Orlando, FL: higher priced homes
- Parma, OH: less expensive homes
- Pearland, TX: higher priced homes
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