Home prices
The cost of the median home in New Lothrop is $111,300. Compared to the surrounding areas this is about $7,740 (7%) higher.It is approximately $106,200 (48%) lower in comparison to the rest of the country, and it is about $62,100 (126%) higher compared to the city of Detroit.
Rents
In New Lothrop the median rent is $750 per month. Compared to its surrounding areas this is about $9 (1%) lower.It is about $312 (29%) lower compared to the entire nation, and it is about $74 (8%) lower in comparison to the city of Detroit.
Nearby places
Montrose
Montrose is approximately 5 miles northeast from New Lothrop. The housing prices there are substantially less expensive. Montrose's median home price is $81,800, which is $29,500 (36%) lower than New Lothrop. The rent there is a bit less expensive. Montrose's median monthly rent is $630, which works out to $120 (19%) lower than New Lothrop.
Flushing
Flushing is about 6 miles southeast of New Lothrop. Its real estate prices are a little more expensive. The median home in Flushing costs $120,300, which comes out to $9,000 (7%) higher than New Lothrop. Rents there are pretty similar. The median rent in Flushing is $739 a month, which is $11 (1%) lower than New Lothrop.
Chesaning
Chesaning is about 7 miles northwest of New Lothrop. The real estate prices there are somewhat less expensive. The median home in Chesaning is valued at $85,100, which works out to $26,200 (30%) lower than New Lothrop. The rent there is a bit less expensive. In Chesaning the median monthly rent is $637, which is $113 (17%) lower than New Lothrop.
Burt
Burt is roughly 8 miles north from New Lothrop. The housing prices there are a bit more expensive. The value of the median home in Burt is $133,300, which works out to $22,000 (16%) higher than New Lothrop. The rent there is somewhat more expensive. The median monthly rent in Burt is $910, which works out to $160 (17%) higher than New Lothrop.
Lennon
Lennon is approximately 8 miles south of New Lothrop. Its real estate prices are a little less expensive. The median home value in Lennon is $97,300, which is $14,000 (14%) lower than New Lothrop. Rents there are a bit more expensive. The median monthly rent in Lennon is $877, which works out to $127 (14%) higher than New Lothrop.
