Property Prices in Detroit, MI, United States

Index Info
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 $ 800.00-1,600.00
Apartment (1 bedroom) Outside of Centre 839.60 $ 700.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,236.36 $ 1,200.00-2,850.00
Apartment (3 bedrooms) Outside of Centre 1,475.00 $ 1,000.00-1,850.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 57.33 $ 48.50-150.00
Price per Square Feet to Buy Apartment Outside of Centre 69.56 $ 24.50-139.35
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 3.75-4.54

These data are based on 110 entries in the past 18 months from 23 different contributors.
Last update: October 2019

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DeutschImmobilienpreise in Detroit
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2 Comments so far

#Tipu on May 20, 2018 :
How come the average income of an Islamabad resident is 5 times lower than a Detroit resident, but prices of apartments are lower for Detroit city centre?
#Raygoo Gibbreilla on Mar 28, 2016 :
I live in Detroit and everyday i constantly fear for my life