Rental prices in Highland Park, Wayne County, MI have decreased by 0.98% over the past year. The average rent moved from $952 to $943.
Compared to the national average rent of $1,741, the average rent in Highland Park, Wayne County, MI is $943.
The average monthly rent of apartments in Highland Park, Wayne County, MI is $943.
Around 42% of Detroit’s apartments are in the $1,001-$1,500 price range. 58% of apartments are priced ≤ $1000.
The largest share of rentals in Highland Park, Wayne County, MI (58%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Highland Park, Wayne County, MI is $890.
In Highland Park, 55% of the residents are renting compared to 45% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 34% of Highland Park's rentals, 50% are small-scale complexes with under 50 units, and 16% are single-family rentals.
The average age of rental buildings in Highland Park is 53 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 6 stories, of which 77% are garden-style apartment communities, 26% are mid-sized buildings, and 34% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in Highland Park are around 2% of rentals, while 1-bedroom floor plans represent 65% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 27% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
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