Southgate, Michigan Housing Market Prices
Southgate Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 21% above the Michigan median$167,646
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Median rent 1% below the Michigan median$1,120
Housing Market Overview
| Metric | Southgate | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,646 | $138,713 | $248,835 |
| Price Trend (Annual %) | 13.0% | 8.6% | 7.5% |
| Median Gross Rent | $1,120 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Southgate is about 21% higher than in Michigan. Rent is about 1% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Southgate, up about 13.0% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Southgate rose about 40.4% between 2015 and 2024, from $798 to $1,120. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Southgate.
Buying the median-priced home in Southgate costs roughly 12.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Southgate. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Southgate | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,646 | $138,713 | $248,835 |
| Median Household Income | $67,038 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Southgate rose about 126.8%, while median household income rose about 29.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Southgate | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 64.6% | 58.5% |
| Rental Rate | 31.1% | 23.6% | 31.2% |
| Vacancy Rate | 5.1% | 11.8% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Southgate has a homeownership rate of 63.8%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 5.1%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Southgate | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1968 | 1972 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Southgate was built around 1968. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Southgate, MI Housing Compared With Nearby Cities
How Southgate, MI compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Southgate, MI | 29,366 | $167,646 #2/3 | $1,120 #2/3 | 67.2% #3/3 |
| Wyandotte, MI | 24,450 | $264,062 | $971 | 73.7% |
| Allen Park, MI | 27,928 | $144,722 | $1,245 | 87.3% |
Frequently Asked Questions
Common questions about the housing market in Southgate, Michigan.
What is the median home price in Southgate, Michigan?
The median home price in Southgate, Michigan is $167,646, higher than the Michigan average of $138,713.
What is the average home price in Southgate, Michigan?
The typical home price in Southgate, Michigan, reported as the median sale price, is $167,646. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Southgate, Michigan?
The median gross rent in Southgate, Michigan is $1,120 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Southgate in 2020?
In 2020, the median gross rent in Southgate, Michigan was $905 per month.
What is the price-to-rent ratio in Southgate, Michigan?
The price-to-rent ratio in Southgate, Michigan is about 12.5, meaning it would take roughly 12.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Southgate.
Are home prices or rent rising faster in Southgate, Michigan?
Both home prices and rent are rising in Southgate, up about 13.0% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Southgate, Michigan?
63.8% of households in Southgate, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Southgate, Michigan?
The housing vacancy rate in Southgate, Michigan is 5.1%, lower than the Michigan average of 11.8%.
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