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Palmer Woods Real Estate Market Facts

  • $355,000Median home price
    178% higher than Detroit
  • $0Median rent asked
    100% lower than Detroit
  • 97.8%Home owners
    38% higher than Detroit
  • 3.1People per home
    25% higher than Detroit

Palmer Woods Home Affordability

  • $355,000Median home price
    178% higher than Detroit
  • $148,977Median home income
    193% higher than Detroit
  • 2.4xHome price to income ratio
    5% lower than Detroit

Palmer Woods Affordability Calculator

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Palmer Woods Mortgage Calculator

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Palmer Woods Demographics

  • 1,003Population
  • 3,054People / sq mile
  • 54.3Median age
  • 1.0:1Male/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 Palmer Woods, Detroit, MI housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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