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Downtown Real Estate Market Facts

  • $86,940Median home price
    32% lower than Detroit
  • $891Median rent asked
    12% higher than Detroit
  • 7.5%Home owners
    89% lower than Detroit
  • 1.2People per home
    52% lower than Detroit

Downtown Home Affordability

  • $86,940Median home price
    32% lower than Detroit
  • $39,360Median home income
    23% lower than Detroit
  • 2.2xHome price to income ratio
    12% lower than Detroit

Downtown Affordability Calculator

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Downtown Mortgage Calculator

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Downtown Demographics

  • 4,983Population
  • 3,443People / sq mile
  • 37.8Median age
  • 1.7:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Highland Park, MI10,978$32,60082%
River Rouge, MI7,609$35,60081%
Ecorse, MI9,270$39,60079%
Inkster, MI24,738$45,00076%
Hamtramck, MI21,985$47,30074%
Detroit, MI683,443$41,00078%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
El Paso, TX678,058$119,30035%
Seattle, WA668,849$484,600162%
Denver, CO663,303$292,70058%
Washington, DC659,009$506,100174%
Boston, MA658,279$423,200129%
Detroit, MI683,443$41,00078%
Source: The Downtown, Detroit, MI housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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