Home prices
The value of the median home in Highland Park is $45,700. This is roughly $108,120 (70%) lower compared to other places in this area.It is roughly $171,800 (78%) lower compared to the rest of the country, and compared to the city of Detroit it is approximately $3,500 (7%) lower.
Rents
The median monthly rent in Highland Park is $596. Compared to the surrounding areas this is roughly $465 (43%) lower.Compared to the US as a whole it is approximately $466 (43%) lower, and in comparison to the city of Detroit it is roughly $228 (27%) lower.
Nearby places
Hamtramck
Hamtramck is Highland Park's neighbor to the east. The housing prices there are substantially more expensive. Hamtramck's median home value is $69,700, which works out to $24,000 (34%) higher than Highland Park. Rents there are a bit more expensive. In Hamtramck the median monthly rent is $729, which works out to $133 (18%) higher than Highland Park.
Hazel Park
Hazel Park is roughly 3 miles north from Highland Park. Housing prices there are significantly more expensive. The median home cost in Hazel Park is $73,600, which is $27,900 (37%) higher than Highland Park. Rents there are a lot more expensive. The median rent in Hazel Park is $978 per month, which is $382 (39%) higher than Highland Park.
Ferndale
Ferndale is approximately 3 miles northwest of Highland Park. The housing prices there are substantially more expensive. The median home in Ferndale costs $162,000, which is $116,300 (71%) higher than Highland Park. Rent there is a lot more expensive. In Ferndale the median monthly rent is $1,032, which comes out to $436 (42%) higher than Highland Park.
Pleasant Ridge
Pleasant Ridge is roughly 4 miles northwest from Highland Park. The housing prices there are significantly more expensive. The median home in Pleasant Ridge is valued at $346,100, which comes out to $300,400 (86%) higher than Highland Park. Its rents are a lot more expensive. Pleasant Ridge's median monthly rent is $1,445, which works out to $849 (58%) higher than Highland Park.
Oak Park
Oak Park is approximately 5 miles northwest of Highland Park. Its housing prices are substantially more expensive. The cost of the median home in Oak Park is $117,700, which works out to $72,000 (61%) higher than Highland Park. The rent there is significantly more expensive. The median rent in Oak Park is $1,120 a month, which works out to $524 (46%) higher than Highland Park.
