Property Prices in Detroit, MI, United States

Index Info
Price to Income Ratio: 1.67
Mortgage as Percentange of Income: 12.48%
Loan Affordability Index: 8.01
Price to Rent Ratio - City Centre: 2.61
Price to Rent Ratio - Outside of Centre: 4.71
Gross Rental Yield (City Centre): 38.33%
Gross Rental Yield (Outside of Centre): 21.25%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,174.71 $ 830.00-1,600.00
Apartment (1 bedroom) Outside of Centre 788.75 $ 550.00-1,100.00
Apartment (3 bedrooms) in City Centre 1,893.33 $ 900.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,339.29 $ 900.00-1,800.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 59.19 $ 48.50-150.00
Price per Square Feet to Buy Apartment Outside of Centre 73.32 $ 25.67-139.35
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,129.11 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.28 3.75-4.54

These data are based on 111 entries in the past 18 months from 20 different contributors.
Last update: April 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