Median Home PriceBETTER
$172,107.12
Median RentTIE
$1,375.22/mo
Price-to-Rent RatioBETTER
10.4
Property Tax RateTIE
1.54%
Price Change (1Y)
+3.2%
Price Change (5Y)
+16.1%
Break-Even YearsBETTER
9 years
10-Year Wealth DifferenceBETTER
+$4,916
Median Home Price
$261,060.56
Median RentTIE
$1,388.24/mo
Price-to-Rent Ratio
15.7
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+3.8%
Price Change (5Y)BETTER
+18.9%
Break-Even Years
N/A
10-Year Wealth Difference
$94,977
Key Differences
Home Prices
Detroit's median home price of $172,107.12 is lower than Warren's $261,060.56 by 34%.
Monthly Rent
Renting in Detroit costs $1,375.22/mo compared to $1,388.24/mo in Warren—a difference of $13.02/mo.
Buy vs Rent Verdict
Detroit favors either option, while Warren favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.