Property Prices in Detroit, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 1.96 |
| Mortgage as Percentage of Income: | 17.43% |
| Loan Affordability Index: | 5.74 |
| Price to Rent Ratio - City Centre: | 4.49 |
| Price to Rent Ratio - Outside of Centre: | 5.21 |
| Gross Rental Yield (City Centre): | 22.25% |
| Gross Rental Yield (Outside of Centre): | 19.20% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,399.89 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,163.38 $ | |
| Apartment (3 bedrooms) in City Centre | 2,541.67 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,933.17 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 128.01 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 118.55 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,381.18 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.41 |
These data are based on 128 entries in the past 18 months from 34 different contributors.
Last update: January 2025
Sources and References
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Nearby cities:| Property Prices in Plymouth, Michigan | 26.96 miles |
| Property Prices in Ypsilanti, Michigan | 36.34 miles |
| Property Prices in Ann Arbor, Michigan | 44.76 miles |
| Property Prices in Toledo, Ohio | 59.25 miles |
| Property Prices in Fowlerville, Michigan | 63.45 miles |
| Property Prices in Tiffin, Ohio | 106.65 miles |
| Property Prices in Saint Johns, Michigan | 109.30 miles |
| Property Prices in Ashland, Ohio | 153.08 miles |
| Property Prices in Grand Rapids, Michigan | 157.97 miles |
| Property Prices in Fort Wayne, Indiana | 160.52 miles |
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 EspañolPrecios de Inmuebles en Detroit
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