Much like other places in this area, it's somewhat more expensive compared to the rest of the nation. However compared to the city of Detroit, it is significantly more expensive.
Home prices
The cost of the median home in Wixom is $249,300. Compared to nearby areas it is is very similar.It is about $31,800 (14%) higher compared to the country as a whole, and compared to the city of Detroit it is roughly $200,100 (406%) higher.
Rents
Wixom's median monthly rent is $745. In comparison to nearby areas this is approximately $306 (29%) lower.In comparison to the country as a whole it is roughly $317 (29%) lower, and it is about $79 (9%) lower compared to the city of Detroit.
Nearby places
Novi
Novi is Wixom's neighbor to the southeast. Housing prices there are a bit more expensive. The median home cost in Novi is $322,100, which comes out to $72,800 (22%) higher than Wixom. Rents there are substantially more expensive. Novi's median rent is $1,347 a month, which comes out to $602 (44%) higher than Wixom.
Walled Lake
Walled Lake is approximately 2 miles east of Wixom. Its real estate prices are a lot less expensive. Walled Lake's median home cost is $146,900, which is $102,400 (69%) lower than Wixom. Rents there are a bit more expensive. The median monthly rent in Walled Lake is $1,037, which is $292 (28%) higher than Wixom.
Wolverine Lake
Wolverine Lake is approximately 2 miles northeast of Wixom. Its housing prices are a little less expensive. The value of the median home in Wolverine Lake is $197,000, which works out to $52,300 (26%) lower than Wixom. Rents there are a bit more expensive. Wolverine Lake's median monthly rent is $988, which comes out to $243 (24%) higher than Wixom.
Milford
Milford is roughly 5 miles northwest from Wixom. Its housing prices are pretty similar. The cost of the median home in Milford is $256,700, which is $7,400 (2%) higher than Wixom. Rent there is pretty similar. Milford's median monthly rent is $782, which comes out to $37 (4%) higher than Wixom.
Northville
Northville is approximately 6 miles south of Wixom. Housing prices there are somewhat more expensive. The median home price in Northville is $331,400, which comes out to $82,100 (24%) higher than Wixom. Its rents are a lot more expensive. In Northville the median rent is $1,101 per month, which works out to $356 (32%) higher than Wixom.