Home prices
Southfield's median home price is $155,700. Compared to its nearby areas it is about $190,320 (55%) lower.It is roughly $61,800 (28%) lower compared to the rest of the country, and compared to the city of Detroit is approximately $106,500 (216%) higher.
Rents
The median rent in Southfield is $1,125 a month. This is approximately $325 (22%) lower compared to other places in this area.Compared to the nation as a whole it is approximately $63 (5%) higher, and it is about $301 (36%) higher in comparison to the city of Detroit.
Nearby places
Lathrup Village
Lathrup Village is Southfield's neighbor to the northeast. The real estate prices there are a little more expensive. The median home in Lathrup Village costs $198,100, which is $42,400 (21%) higher than Southfield. The rent there is a little more expensive. In Lathrup Village the median monthly rent is $1,234, which is $109 (8%) higher than Southfield.
Bingham Farms
Bingham Farms is Southfield's neighbor to the north. Its real estate prices are substantially more expensive. The median home in Bingham Farms costs $415,000, which comes out to $259,300 (62%) higher than Southfield. Rent there is a little less expensive. In Bingham Farms the median rent is $1,000 per month, which works out to $125 (12%) lower than Southfield.
Beverly Hills
Beverly Hills is Southfield's neighbor to the north. Housing prices there are substantially more expensive. Beverly Hills's median home cost is $387,400, which works out to $231,700 (59%) higher than Southfield. The rent there is somewhat more expensive. The median rent in Beverly Hills is $1,238 a month, which is $113 (9%) higher than Southfield.
Franklin
Franklin is Southfield's neighbor to the northwest. The real estate prices there are a lot more expensive. The value of the median home in Franklin is $611,900, which is $456,200 (74%) higher than Southfield. Rent there is substantially more expensive. The median rent in Franklin is $2,659 per month, which is $1,534 (57%) higher than Southfield.
Oak Park
Oak Park is Southfield's neighbor to the east. The housing prices there are a lot less expensive. The median home in Oak Park is valued at $117,700, which works out to $38,000 (32%) lower than Southfield. The rent there is pretty similar. In Oak Park the median monthly rent is $1,120, which is very similar to Southfield.
