Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Springwells area can be challenging. Home prices in Springwells are now at a median cost of $85,673, lower than the Detroit average of $268,120.
The average cost of rent is $929/mo in Springwells, primarily driven by the current value of real estate in the Springwells area. In Springwells, 39.51% of households rent, and 71.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springwells is $3,672 per month. Households that rent pay about 25.29% of their income on rent here. Springwells’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Southwest Detroit, Detroit, MI: higher priced homes
- Michigan-Martin, Detroit, MI: less expensive homes
- Claytown, Detroit, MI: equally priced homes
- Hubbard-Richard, Detroit, MI: higher priced homes
- East Downtown Dearborn, Dearborn, MI: higher priced homes
- Woodbridge, Detroit, MI: higher priced homes
- Core City, Detroit, MI: higher priced homes
- Midwest, Detroit, MI: less expensive homes
- Boynton, Detroit, MI: less expensive homes
- Tireman, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- River Mountain, Little Rock, AR: higher priced homes
- Marina-San Francisco, San Francisco, CA: higher priced homes
- Martha Lake, Lynnwood, WA: higher priced homes
- Martin Luther, Chicago, IL: higher priced homes
- Martin Luther King, Austin, TX: higher priced homes
- Admiral, Seattle, WA: higher priced homes
- Mercury Central, Hampton, VA: higher priced homes
- Mid-City, New Orleans, LA: higher priced homes
- Midtown, Houston, TX: higher priced homes
- Montclare, Elmwood Park, IL: higher priced homes
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