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Property Prices in Detroit, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 1.66 |
| Mortgage as Percentange of Income: | 12.37% |
| Loan Affordability Index: | 8.09 |
| Price to Rent Ratio - City Centre: | 2.36 |
| Price to Rent Ratio - Outside of Centre: | 4.13 |
| Gross Rental Yield (City Centre): | 42.41% |
| Gross Rental Yield (Outside of Centre): | 24.20% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,164.67 $ | |
| Apartment (1 bedroom) Outside of Centre | 839.60 $ | |
| Apartment (3 bedrooms) in City Centre | 2,236.36 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,475.00 $ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 57.33 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 69.56 $ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 2,051.84 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.25 |
These data are based on 110 entries in the past 18 months from 23 different contributors.
Last update: October 2019
Sources and References:
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