Property Prices in Detroit, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 3.54 |
| Mortgage as Percentage of Income: | 31.25% |
| Loan Affordability Index: | 3.20 |
| Price to Rent Ratio - City Centre: | 9.67 |
| Price to Rent Ratio - Outside of Centre: | 5.79 |
| Gross Rental Yield (City Centre): | 10.34% |
| Gross Rental Yield (Outside of Centre): | 17.28% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | 1,468.00 $ | |
| 1 Bedroom Apartment Outside of City Centre | 932.40 $ | |
| 3 Bedroom Apartment in City Centre | 2,845.83 $ | |
| 3 Bedroom Apartment Outside of City Centre | 1,692.09 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 297.71 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 109.78 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,095.05 $ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.32 | |
These data are based on 158 entries from 31 contributors over the past 18 months.
Last update: 10 January 2026
Sources and References
Nearby Cities:| Property Prices in Eastpointe, Michigan | 13.19 miles |
| 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 |
This Page in Other Languages:
 DeutschImmobilienpreise in Detroit
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 PortuguêsPreços de Imóveis em Detroit
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 ItalianoPrezzi degli immobili a Detroit
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 FrançaisPrix de l'immobilier à Détroit
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 EspañolPrecios de las propiedades en Detroit
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