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Property Prices in Detroit, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 1.70 |
| Mortgage as Percentange of Income: | 12.51% |
| Loan Affordability Index: | 7.99 |
| Price to Rent Ratio - City Centre: | 2.73 |
| Price to Rent Ratio - Outside of Centre: | 4.33 |
| Gross Rental Yield (City Centre): | 36.64% |
| Gross Rental Yield (Outside of Centre): | 23.10% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,054.55 $ | |
| Apartment (1 bedroom) Outside of Centre | 832.33 $ | |
| Apartment (3 bedrooms) in City Centre | 1,914.29 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,360.71 $ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 58.56 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 70.02 $ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 2,030.14 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.11 |
These data are based on 100 entries in the past 18 months from 16 different contributors.
Last update: July 2018
Sources and References:
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