NUMBEO

Property Prices in Detroit, MI, United States

Index Info
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 $ 800.00-1,400.00
Apartment (1 bedroom) Outside of Centre 832.33 $ 550.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,914.29 $ 900.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,360.71 $ 950.00-1,800.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 58.56 $ 51.67-80.00
Price per Square Feet to Buy Apartment Outside of Centre 70.02 $ 27.62-125.00
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 3.75-4.54

These data are based on 100 entries in the past 18 months from 16 different contributors.
Last update: July 2018

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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