The median home in Detroit, Michigan is valued at $74,571, down 1.8% year over year. Typical monthly rent is $1,301, producing a price-to-rent ratio of 4.8x — below the national average of 18x. Detroit is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$74,571

-1.8%

Rent$1,301/mo

AFFORDABILITY

Enter your income for Detroit.

Income (annual)

Down Payment

$14,914 on $74,571

Affordable — 9.7% of income

Under the 28% guideline.

PITI$606

P/I9.7%

Afford$215K

Room+$141K

P&I $377Tax $96Ins $133

Buying $695/mo cheaper ($1,301 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Detroit with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

DETROIT, MI