Detroit, MI home prices
Typical home $264,316 · +1.8% in a year · income needed $82,000
The Detroit, MI metro area ranks 409 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.8% in a year and +21.9% over five years. With 20% down at 7.11%, the typical home costs about $1,913 a month including 1.63% property tax (Wayne County rate).
Mortgage on the typical Detroit home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,863 | $211,453 | $1,422 | $0 | $491 | $1,913 | $82,000 |
| 10% down | $26,432 | $237,885 | $1,600 | $99 | $491 | $2,190 | $93,900 |
| 5% down | $13,216 | $251,101 | $1,689 | $105 | $491 | $2,284 | $97,900 |
| 3.5% down (FHA) | $9,251 | $259,529 | $1,746 | $117 | $491 | $2,353 | $100,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.63% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Detroit area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wayne County, MI | $175,631 | +0.8% | 1.63% |
| Oakland County, MI | $365,826 | +2.3% | 1.27% |
| Macomb County, MI | $267,474 | +1.2% | 1.4% |
| Livingston County, MI | $402,827 | +2.8% | 0.97% |
| Saint Clair County, MI | $259,356 | +4.2% | 1.14% |
| Lapeer County, MI | $296,879 | +4.5% | 0.92% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Detroit?
The typical home in the Detroit, MI metro area is worth $264,316 (Zillow, September 2026).
What salary do you need to buy a house in Detroit?
About $82,000 a year for the typical home with 20% down at 7.11%.