Property Prices in Detroit, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 3.82 |
| Mortgage as Percentage of Income: | 32.63% |
| Loan Affordability Index: | 3.06 |
| Price to Rent Ratio - City Centre: | 11.67 |
| Price to Rent Ratio - Outside of Centre: | 6.25 |
| Gross Rental Yield (City Centre): | 8.57% |
| Gross Rental Yield (Outside of Centre): | 15.99% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $1,520.00 | |
| 1 Bedroom Apartment Outside of City Centre | $937.40 | |
| 3 Bedroom Apartment in City Centre | $2,833.33 | |
| 3 Bedroom Apartment Outside of City Centre | $1,701.56 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | $365.21 | |
| Price per Square Feet to Buy Apartment Outside of Centre | $119.30 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | $3,409.08 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 5.91 | |
These data are based on 119 entries from 18 contributors over the past 18 months.
Last update: 5 June 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 Findlay, Ohio | 105.98 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 |
This Page in Other Languages:
 DeutschImmobilienpreise in Detroit
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 EspañolPrecios de las propiedades en Detroit
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