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Detroit Beach

Learn about the people, housing, costs and businesses in Detroit Beach, Michigan

Median Home$185,400
Median Rent$930/month
Population2,104
Leading IndustriesRetail · Wholesale Trade30% retail
Home Value Growth-7.1% over 2 years
Young Adults33% of residentswell above average
Homeowners95% of occupied units
Detroit Beach
MI

Frequently Asked Questions

What are today's mortgage rates in Detroit Beach?

As of today, the 30-year fixed mortgage rate for Detroit Beach is approximately 7.009% (7.052% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Detroit Beach?

The median home value in Detroit Beach is $185k. The median monthly rent is $930. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Detroit Beach?

Home values in Detroit Beach have decreased 7.1% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Detroit Beach?

Based on a typical all-in ownership cost of $1,205/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Detroit Beach is $77k/year.

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What industries drive the economy in Detroit Beach?

The largest employment sectors in Detroit Beach are retail (30%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.