Similar to other places in this area, it's a lot less expensive compared to the rest of the nation. Compared to the city of Detroit however, it's substantially more expensive.
Home prices
The median home price in Southgate is $112,300. In comparison to its nearby areas it is approximately $1,800 (1%) higher.It is about $105,200 (48%) lower compared to the United States as a whole, and it is about $63,100 (128%) higher in comparison to the city of Detroit.
Rents
In Southgate the median rent is $876 per month. In comparison to its nearby areas this is roughly $24 (2%) higher.In comparison to the US as a whole it is approximately $186 (17%) lower, and is approximately $52 (6%) higher in comparison to the city of Detroit.
Nearby places
Riverview
Riverview is Southgate's neighbor to the south. Housing prices there are a little more expensive. The median home cost in Riverview is $149,400, which is $37,100 (24%) higher than Southgate. The rent there is somewhat less expensive. The median rent in Riverview is $795 a month, which is $81 (10%) lower than Southgate.
Wyandotte
Wyandotte is Southgate's neighbor to the east. Its real estate prices are fairly similar. Wyandotte's median home cost is $109,300, which comes out to $3,000 (2%) lower than Southgate. Its rents are somewhat less expensive. In Wyandotte the median monthly rent is $763, which works out to $113 (14%) lower than Southgate.
Lincoln Park
Lincoln Park is Southgate's neighbor to the northeast. Its housing prices are substantially less expensive. The median home value in Lincoln Park is $73,700, which is $38,600 (52%) lower than Southgate. The rent there is pretty similar. The median monthly rent in Lincoln Park is $842, which works out to $34 (4%) lower than Southgate.
Taylor
Taylor is Southgate's neighbor to the northwest. The real estate prices there are a little less expensive. Taylor's median home price is $96,300, which is $16,000 (16%) lower than Southgate. Its rents are fairly similar. The median monthly rent in Taylor is $880, which is very similar to Southgate.
Allen Park
Allen Park is Southgate's neighbor to the north. The real estate prices there are a bit more expensive. Allen Park's median home value is $123,800, which works out to $11,500 (9%) higher than Southgate. Rents there are a bit more expensive. The median rent in Allen Park is $980 a month, which works out to $104 (10%) higher than Southgate.
