Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Southwest Detroit area can be challenging. Home prices in Southwest Detroit are now at a median cost of $60,985, lower than the Detroit average of $215,900.
The average cost of rent is $794/mo in Southwest Detroit, primarily driven by the current value of real estate in the Southwest Detroit area. While nearly 84.06% of residents own their homes outright in Southwest Detroit, 43.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Southwest Detroit is $3,033 per month. Households that rent pay about 26.17% of their income on rent here. Southwest Detroit's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Hubbard-Richard, Detroit, MI: higher priced homes
- Springwells, Detroit, MI: equally priced homes
- Michigan-Martin, Detroit, MI: less expensive homes
- Woodbridge, Detroit, MI: higher priced homes
- Core City, Detroit, MI: higher priced homes
- Claytown, Detroit, MI: less expensive homes
- Midwest, Detroit, MI: less expensive homes
- Tireman, Detroit, MI: less expensive homes
- Downtown Detroit, Detroit, MI: higher priced homes
- Midtown-Detroit, Detroit, MI: higher priced homes
Neighborhoods with Similar Populations
- Beechview, Pittsburgh, PA: higher priced homes
- The Paseos, Las Vegas, NV: higher priced homes
- Old Allentown, Allentown, PA: higher priced homes
- Northeast MacFarlane, Tampa, FL: higher priced homes
- West Modesto, Modesto, CA: higher priced homes
- Carriage Place, Aurora, CO: higher priced homes
- Cane Ridge, Antioch, TN: higher priced homes
- Lovejoy, Buffalo, NY: equally priced homes
- Bloomfield, Pittsburgh, PA: higher priced homes
- Windsor Road, Austin, TX: higher priced homes
All Local Stats
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