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Palmer Woods Real Estate Market Facts

  • $328,200Median home price
    173% higher than Detroit
  • $0Median rent asked
    100% lower than Detroit
  • 97.8%Home owners
    37% higher than Detroit
  • 1.3People per home
    48% lower than Detroit

Palmer Woods Home Affordability

  • $328,200Median home price
    173% higher than Detroit
  • $136,548Median home income
    178% higher than Detroit
  • 2.4xHome price to income ratio
    2% lower than Detroit

Palmer Woods Affordability Calculator

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Palmer Woods Mortgage Calculator

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Palmer Woods Demographics

  • 791Population
  • 2,409People / sq mile
  • 54.5Median age
  • 0.7:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
River Rouge, MI7,761$36,80079%
Highland Park, MI10,951$39,10078%
Ecorse, MI9,401$39,20078%
Hamtramck, MI22,256$39,80077%
Hazel Park, MI16,532$49,10072%
Detroit, MI695,437$45,10074%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
El Paso, TX669,771$117,80033%
Memphis, TN656,715$95,40046%
Boston, MA639,594$379,500116%
Seattle, WA637,850$437,400149%
Denver, CO633,777$257,50047%
Detroit, MI695,437$45,10074%
Source: The Palmer Woods, Detroit, MI housing data displayed above is derived from the United States Census Bureau.