Housing costs in Detroit?
A typical home costs
$97,900, which is 71.0% less expensive than the national average of
$338,100 and 55.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,080 per month, which is 1.8% cheaper than the national average of
$1,100 and 13.0% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48215), Michigan, a minimum annual income of
$18,720 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Detroit?
48215 Detroit, MI is an affordable place to live for those looking to stretch their budget. The median home value in 48215 is around $60,000, which is significantly lower than the national average. Renters can also expect to find competitive prices as the median rent is only slightly higher than the national average. Additionally, daily living costs are relatively low with groceries costing around 10% less than the national average and transportation costs being among the lowest in the nation. All of these factors have made 48215 Detroit, MI a great option for those seeking an affordable place to call home.