Condo choices in Detroit

**Hypestyles** · August-27-14, 09:47 AM

what are the typical market prices for smaller condos located in Detroit? Are they cheaper in certain suburbs?

**maverick1** · August-27-14, 11:21 AM

Originally Posted by Hypestyles

what are the typical market prices for smaller condos located in Detroit? Are they cheaper in certain suburbs?

I'd like to know this too. I'm early in my search but from what I've found so far smaller condo prices in Detroit aren't bad [[$20K-$50K) but the HOA fees can get crazy.

**DetroitPlanner** · August-27-14, 02:12 PM

Originally Posted by maverick1

I'd like to know this too. I'm early in my search but from what I've found so far smaller condo prices in Detroit aren't bad [[$20K-$50K) but the HOA fees can get crazy.

In general high HOA assessments will keep the cost of the condo itself down. However in many cases high assessments also come with a lot of bonuses such as pools exercise rooms. Co-ops also are another animal but it covers taxes, insurance, appliance replacements.......

**Spartan** · August-27-14, 02:40 PM

Originally Posted by maverick1

I'd like to know this too. I'm early in my search but from what I've found so far smaller condo prices in Detroit aren't bad [[$20K-$50K) but the HOA fees can get crazy.

Yeah, I looked at a few in Lafayette Park that were <$50K, but most were Co-Op. One in 1300 I looked at, the monthly fee was higher than it would've been to rent the same place. I can't believe some of the places in the area are selling for over $100K!