Detroit is a major metropolitan area in MI with a population of 677,124 residents. With a median home price of $314,832 (10% below the national median) and median household income of $66,017, Detroit is considered moderately affordable with a price-to-income ratio of 4.8x.
The real estate market in Detroit features a median home price of $314,832, which is 10% lower than the U.S. national median of $350,000. Monthly rent averages $1,312, 13% below the national average. Over the past decade, rent has increased by 84%.
Detroit has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
Detroit offers a median household income of $66,017, which is 6% lower than the national median of $70,000. Residents spend approximately 24% of their income on rent annually, which is within the recommended 30% threshold.
Understanding the climate of Detroit is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how Detroit compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in Detroit is $314,832, with average monthly rent of $1,312. The median household income is $66,017, giving the city a price-to-income ratio of 4.8x.
Detroit has moderate affordability with a price-to-income ratio of 4.8x, close to the national average.
Detroit has a population of 677,124 residents, making it the #30 largest city in the United States.
Detroit has a violent crime rate of 491 per 100,000 residents, which is near the national average. The property crime rate is 1367 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
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