In Detroit, the average starter home is priced at an affordable $66,000 with a median monthly payment of $579. This makes homeownership more accessible to a wider range of individuals, including those from lower-income backgrounds. However, there are disparities in homeownership affordability across different demographics.
Key points:
– Detroit offers affordable starter homes at $66,000 with a $579 median monthly payment
– Disparities exist in homeownership affordability among different demographics
– The article discusses how starter homes are accessible to a typical black household in only 10 major metros
You can read this full article at: https://wrenews.com/a-typical-black-household-can-only-afford-starter-homes-in-10-major-metros/
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