Wayne County

Real Estate in Detroit, MI

Ready to move to Detroit , MI? Click below to learn more about recent housing trends, average home values and other real estate insights .

Real Estate Overview

So you want to move to Detroit , MI, but aren’t sure if you can afford the housing costs? Here’s what you need to know: The median home price in Detroit is $42,300, while the median rent for a one bedroom apartment is $747 . The median salary in Detroit , MI, is $25,764, and depending on how yours compares, it should help you determine which housing option is best for you.

Property Values in Detroit , MI

  $1,000,000 or More 0.3%
  $50k to $99k 29.4%
  $100k to $149k 6.3%
  $200k to $299k 1.8%
  $300k to $499k 1%
  $500k to $999k 0.4%
  Less than $50k 57.6%

$42300
Median Home Price
in Detroit , MI

Monthly Rent in Detroit , MI

Property Tax (with Mortgage) in Detroit , MI

$1.5k to $2k 12%
$1k to $1.5k 40.3%
$2.5k to $3k 1.1%
$2k to $2.5k 3.5%
Property Tax $3k or more 1.2%
$500 to $999 38.3%

$1080
Median Property Tax
in Detroit , MI

Property Tax (without Mortgage) in Detroit , MI

$1k or More 2.8%
$250 to $399 30%
$400 to $599 34.4%
$600 to $799 15%
$800 to $999 5.4%
Less than $250 12.4%
Property Tax Less $0.5k 3.5%

$42300
Median Propery Value
in Detroit , MI

$747
Median Rent
in Detroit , MI