NUMBEO

Property Prices in Detroit, MI, United States

Index Info
Price to Income Ratio: 0.81
Mortgage as Percentange of Income: 5.85%
Loan Affordability Index: 17.10
Price to Rent Ratio - City Centre: 2.56
Price to Rent Ratio - Outside of Centre: 2.92
Gross Rental Yield (City Centre): 39.04%
Gross Rental Yield (Outside of Centre): 34.27%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,177.35 $ 600.00-1,500.00
Apartment (1 bedroom) Outside of Centre 744.44 $ 500.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,582.35 $ 900.00-2,700.00
Apartment (3 bedrooms) Outside of Centre 1,272.22 $ 900.00-1,750.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 54.16 $ 50.00-58.50
Price per Square Feet to Buy Apartment Outside of Centre 43.02 $ 28.07-125.00
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 3,209.62 $
Mortgage Interest Rate in Percentages (%), Yearly, Fixed-Rate 3.85 3.00-4.20

These data are based on 108 entries in the past 18 months from 18 different contributors.
Last update: December 2017

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1 Comments so far

#Raygoo Gibbreilla on Mar 28, 2016 :
I live in Detroit and everyday i constantly fear for my life