Much like its surrounding areas, it's a lot more expensive compared to the entire country. Compared to the city of Detroit, it's substantially more expensive.
Home prices
The median home in Beverly Hills costs $387,400. This is roughly $5,740 (1%) lower compared to the surrounding areas.Compared to the rest of the country it is approximately $169,900 (78%) higher, and it is roughly $338,200 (687%) higher compared to the city of Detroit.
Rents
The median monthly rent in Beverly Hills is $1,238. In comparison to the surrounding areas this is approximately $266 (17%) lower.It is approximately $176 (16%) higher compared to the nation as a whole, and it is about $414 (50%) higher compared to the city of Detroit.
Nearby places
Bingham Farms
Bingham Farms is Beverly Hills's neighbor to the west. Its real estate prices are somewhat more expensive. The price of the median home in Bingham Farms is $415,000, which comes out to $27,600 (6%) higher than Beverly Hills. Rents there are a little less expensive. Bingham Farms's median monthly rent is $1,000, which is $238 (23%) lower than Beverly Hills.
Birmingham
Birmingham is Beverly Hills's neighbor to the northeast. The housing prices there are a bit more expensive. The value of the median home in Birmingham is $541,500, which works out to $154,100 (28%) higher than Beverly Hills. The rent there is somewhat more expensive. In Birmingham the median rent is $1,513 per month, which works out to $275 (18%) higher than Beverly Hills.
Lathrup Village
Lathrup Village is roughly 2 miles south of Beverly Hills. Its housing prices are a lot less expensive. The median home price in Lathrup Village is $198,100, which comes out to $189,300 (95%) lower than Beverly Hills. The rent there is similar. Lathrup Village's median monthly rent is $1,234, which is very similar to Beverly Hills.
Franklin
Franklin is approximately 2 miles west of Beverly Hills. The real estate prices there are significantly more expensive. Franklin's median home value is $611,900, which comes out to $224,500 (36%) higher than Beverly Hills. Its rents are a lot more expensive. The median rent in Franklin is $2,659 per month, which comes out to $1,421 (53%) higher than Beverly Hills.
Berkley
Berkley is approximately 2 miles southeast of Beverly Hills. Housing prices there are substantially less expensive. The value of the median home in Berkley is $199,200, which works out to $188,200 (94%) lower than Beverly Hills. Its rents are somewhat less expensive. In Berkley the median monthly rent is $1,115, which comes out to $123 (11%) lower than Beverly Hills.
