Home prices
The value of the median home in Gibraltar is $158,100. This is approximately $8,860 (5%) higher in comparison to nearby areas.In comparison to the entire country it is about $59,400 (27%) lower, and it is about $108,900 (221%) higher in comparison to the city of Detroit.
Rents
The median rent in Gibraltar is $942 a month. It is roughly $58 (6%) higher compared to its nearby areas.It is about $120 (11%) lower in comparison to the rest of the country, and in comparison to the city of Detroit is about $118 (14%) higher.
Nearby places
Rockwood
Rockwood is Gibraltar's neighbor to the southwest. Housing prices there are a little less expensive. The median home in Rockwood costs $142,300, which works out to $15,800 (11%) lower than Gibraltar. Its rents are a little less expensive. The median monthly rent in Rockwood is $876, which comes out to $66 (7%) lower than Gibraltar.
Trenton
Trenton is Gibraltar's neighbor to the north. Real estate prices there are pretty similar. The median home in Trenton costs $150,800, which is $7,300 (4%) lower than Gibraltar. The rent there is a bit less expensive. The median monthly rent in Trenton is $771, which is $171 (22%) lower than Gibraltar.
Woodhaven
Woodhaven is roughly 2 miles northwest from Gibraltar. The housing prices there are pretty similar. The median home in Woodhaven costs $159,800, which is $1,700 (1%) higher than Gibraltar. Rent there is a little less expensive. The median monthly rent in Woodhaven is $844, which comes out to $98 (11%) lower than Gibraltar.
Flat Rock
Flat Rock is approximately 3 miles west from Gibraltar. The housing prices there are pretty similar. Flat Rock's median home cost is $150,800, which comes out to $7,300 (4%) lower than Gibraltar. The rent there is a little less expensive. In Flat Rock the median monthly rent is $829, which works out to $113 (13%) lower than Gibraltar.
South Rockwood
South Rockwood is approximately 3 miles southwest of Gibraltar. The real estate prices there are somewhat less expensive. The value of the median home in South Rockwood is $142,500, which is $15,600 (10%) lower than Gibraltar. Its rents are somewhat more expensive. In South Rockwood the median monthly rent is $1,102, which works out to $160 (14%) higher than Gibraltar.
