REPORT: $500 Detroit Homes

See lowest Home prices in Detroit, Michigan today (see all reports)

FEBRUARY 23, 2010 - Cheap homes in Detroit, Michigan are selling for $500 in some neighborhoods. Theoretically, based on price, current interest rates (at time of report), and a 20% down payment ($100), it's estimated a 30 year mortgage would have a payment of less than $3 monthly. (estimated amount does not include, property taxes, insurance, maintenance and/or possible repairs)

RESOURCES (BELOW) - Lowest priced homes in Detroit today. (links open new window)

Craigslist Classifieds > Detroit Homes : See lowest prices for Detroit Homes in the Craigslist classifieds.

Zillow For Sale Listings > Detroit Homes : See lowest prices for Detroit Homes listed for sale on Zillow.