The median home in Hazel Park, Michigan is valued at $150,416, down 4.6% year over year. Typical monthly rent is $1,438, producing a price-to-rent ratio of 8.7x — below the national average of 18x. Hazel Park 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$150,416

-4.6%

Rent$1,438/mo

AFFORDABILITY

Enter your income for Hazel Park.

Income (annual)

Down Payment

$30,083 on $150,416

Affordable — 17.4% of income

Under the 28% guideline.

PITI$1,087

P/I17.4%

Afford$242K

Room+$92K

P&I $761Tax $193Ins $133

Buying $351/mo cheaper ($1,438 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 Hazel Park 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 →

HAZEL PARK, MI