Much like other places in this area, it is somewhat less expensive compared to the US as a whole. However it is a lot more expensive compared to the city of Detroit.
Home prices
The median home value in Flat Rock is $150,800. Compared to nearby areas this is is very similar.It is approximately $66,700 (30%) lower compared to the entire country, and is about $101,600 (206%) higher in comparison to the city of Detroit.
Rents
In Flat Rock the median rent is $829 per month. It is approximately $78 (8%) lower in comparison to its surrounding areas.It is roughly $233 (21%) lower compared to the entire country, and compared to the city of Detroit is is very similar.
Nearby places
Rockwood
Rockwood is Flat Rock's neighbor to the southeast. The housing prices there are a bit less expensive. The median home in Rockwood is valued at $142,300, which works out to $8,500 (5%) lower than Flat Rock. Rents there are somewhat more expensive. Rockwood's median monthly rent is $876, which is $47 (5%) higher than Flat Rock.
South Rockwood
South Rockwood is Flat Rock's neighbor to the south. Housing prices there are a bit less expensive. South Rockwood's median home cost is $142,500, which comes out to $8,300 (5%) lower than Flat Rock. Rent there is somewhat more expensive. South Rockwood's median rent is $1,102 per month, which works out to $273 (24%) higher than Flat Rock.
Woodhaven
Woodhaven is Flat Rock's neighbor to the northeast. The housing prices there are a bit more expensive. The median home in Woodhaven is valued at $159,800, which works out to $9,000 (5%) higher than Flat Rock. Its rents are fairly similar. The median rent in Woodhaven is $844 a month, which works out to $15 (1%) higher than Flat Rock.
Gibraltar
Gibraltar is roughly 3 miles east from Flat Rock. Housing prices there are fairly similar. The price of the median home in Gibraltar is $158,100, which is $7,300 (4%) higher than Flat Rock. Rent there is somewhat more expensive. In Gibraltar the median rent is $942 a month, which is $113 (11%) higher than Flat Rock.
Trenton
Trenton is about 4 miles northeast from Flat Rock. The real estate prices there are fairly similar. The price of the median home in Trenton is $150,800, which is very similar to Flat Rock. Rent there is a little less expensive. In Trenton the median rent is $771 a month, which is $58 (7%) lower than Flat Rock.
