Home prices
The median home cost in Detroit is $66,500. This is roughly $25,800 (27%) lower in comparison to the surrounding areas.It is roughly $151,000 (69%) lower compared to the US as a whole, and in comparison to the city of Birmingham is approximately $24,600 (27%) lower.
Rents
In Detroit the median rent is $315 a month. It is roughly $176 (35%) lower compared to its nearby areas.Compared to the entire nation it is roughly $747 (70%) lower, and it is about $522 (62%) lower compared to the city of Birmingham.
Nearby places
Sulligent
Sulligent is approximately 10 miles south from Detroit. The real estate prices there are pretty similar. Sulligent's median home value is $69,300, which is $2,800 (4%) higher than Detroit. The rent there is somewhat more expensive. The median monthly rent in Sulligent is $395, which comes out to $80 (20%) higher than Detroit.
Smithville
Smithville is approximately 12 miles west of Detroit. Real estate prices there are a bit more expensive. Smithville's median home value is $75,000, which comes out to $8,500 (11%) higher than Detroit. The rent there is significantly more expensive. The median monthly rent in Smithville is $531, which is $216 (40%) higher than Detroit.
Hamilton
Hamilton is about 12 miles northeast from Detroit. The housing prices there are significantly more expensive. The median home in Hamilton costs $106,700, which comes out to $40,200 (37%) higher than Detroit. Rent there is a lot more expensive. Hamilton's median monthly rent is $515, which comes out to $200 (38%) higher than Detroit.
Hatley
Hatley is roughly 13 miles west of Detroit. Housing prices there are substantially more expensive. The value of the median home in Hatley is $118,300, which comes out to $51,800 (43%) higher than Detroit. Its rents are substantially more expensive. In Hatley the median monthly rent is $675, which works out to $360 (53%) higher than Detroit.
Guin
Guin is roughly 13 miles east of Detroit. Housing prices there are a little more expensive. The median home in Guin is valued at $92,200, which works out to $25,700 (27%) higher than Detroit. The rent there is a little more expensive. In Guin the median monthly rent is $338, which comes out to $23 (6%) higher than Detroit.
