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City · 76,236 residents · Oakland County, Michigan

Southfield , Michigan

In Southfield, a typical home is worth $236,200 and typical rent is $1,340 a month. Compared with all of Oakland County, the typical home value is 31% lower, typical household income is 30% lower, and the share of households that own their home is 19 points lower.

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  • Typical home value

    $236,200

    31% below the county

    About the same as Michigan

    • Southfield
    • Oakland
    • Michigan

  • Typical rent

    $1,340a month

    3% below the county

    19% above Michigan

    • Southfield
    • Oakland
    • Michigan

  • Typical household income

    $68,166a year

    30% below the county

    6% below Michigan

    • Southfield
    • Oakland
    • Michigan

  • Households that own their home

    53%

    19 points below the county

    20 points below Michigan

    • Southfield
    • Oakland
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$251,392
1.9% more than 12 months ago
Typical rent
$1,539 a month
3.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Southfield is in Oakland County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Oakland County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Southfield apart

What this place has that others do not, from public data, most unusual first.

  1. 53% of households in Southfield own their home, against 73% in Oakland County.

  2. The typical home in Southfield is worth $236,200, 31% less than in Oakland County as a whole ($343,600).

  3. The typical household income in Southfield is $68,166, 30% less than in Oakland County as a whole ($97,760).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Southfield

What homes there are in Southfield, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Southfield; the largest group, detached houses, adds up to 47%, less than in Oakland County (68%).

Year built

The typical home in Southfield was built in 1969, 6 years before the typical one in Oakland County.

In Southfield, 20% of homes have 1 bedroom or none (studios); 50% have 3 bedrooms or more, against 66% in Oakland County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Oakland County is $541,287, and about 98% of owner-occupied homes in Southfield are worth less than that.

Monthly rent with utilities

About 63% of rented homes in Southfield cost less than HUD's 2-bedroom fair market rent for Oakland County ($1,459); the rest cost more.

With a mortgage

$1,779 a month

Oakland County: $1,998 a month

Without a mortgage

$764 a month

Oakland County: $778 a month

Owners with a mortgage

66%

Oakland County: 65%

In Southfield, 66% of owners have a mortgage, and their typical cost is $1,779 a month, against $1,998 in Oakland County. Without one it drops to $764.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Southfield rose 52%; in Oakland County, it rose 42%.

The typical rent in Southfield rose 19% over the same time; in Oakland County, it rose 27%.

While home values in Southfield changed +52% and rent +19%, the typical household income rose 22%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSouthfieldOakland CountyMichiganUnited States
Rental vacancy 10.8%7.4%5.1%5.5%
Homeowner vacancy Unreliable estimate0.4%0.8%0.9%
More than one person per room 0.9%1.2%1.6%3.4%
People per household 2.142.392.422.53
Drive alone 71%71%74%69%
Carpool 6%6%8%9%
Public transit 2%0%1%3%
Walk or bike 2%1%2%3%
Work from home 17%20%14%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Southfield, the rental vacancy rate is 10.8%; in Oakland County, 7.4%.

In Southfield, 0.9% of households live with more than one person per room, about the same as in Oakland County.

On average, a household in Southfield has 2.14 people, fewer than in Oakland County (2.39).

In Southfield, 71% of workers drive alone to work; in Oakland County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Southfield?

A typical home costs more than the typical income allows

We start with a typical home in Southfield, worth $236,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Southfield, which is $68,166 a year. For that payment to be 28% of income, a household would need to earn about $89,695 a year.

The calculator's FHA and conventional loan limits are those of all of Oakland County.

Your numbers

Local data
$

Starts at the typical home value in Southfield. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,267 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,093

at 7.18% · 30 years

Loan amount
$231,922
Total interest
$333,681
Paid off in
November 2056

Includes $3,989 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,591 a month

  • Tight

    $1,591 to $2,045 a month

  • Hard

    more than $2,045 a month

    Your payment · 37%

Compared with the typical household income in Southfield ($68,166 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,093
Principal & interest$1,571
Property tax$319
Home insurance$98
FHA mortgage insurance (MIP)$104

You need at least $8,267 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Southfield and Oakland County

Southfield is in Oakland County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Southfield's own numbers

Typical home value
$236,200
Typical monthly rent
$1,340
Typical yearly household income
$68,166
Households that own their home
53%
Effective property tax rate
1.62%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Oakland County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,459
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
0.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Oakland County.

Everything about Oakland County

Buying

Buying a home in Southfield

A typical home in Southfield is worth $236,200: 31% below the county and about the same as Michigan. With the typical household income in Southfield ($68,166 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Southfield 3.5 years
  • Oakland 3.5 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Oakland County

According to FHFA’s house price index, home prices in Oakland County rose 85% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Oakland County.

Period County Michigan U.S.
Last year (2025) +4.2% +4.7% +2.9%
5 years (2020–2025) +45% +52% +47%
10 years (2015–2025) +85% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Southfield next to Oakland County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Southfield $236,200
  • Oakland $343,600
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Southfield $1,340
  • Oakland $1,376
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Southfield $68,166
  • Oakland $97,760
  • Michigan $72,875
  • United States $80,734
See the full table
Southfield next to Oakland County and Michigan
Measure Southfield Oakland County Michigan U.S.
Typical home value $236,200 $343,600 $231,600 $332,700
Typical monthly rent $1,340 $1,376 $1,129 $1,413
Typical yearly household income $68,166 $97,760 $72,875 $80,734
Households that own their home 53% 73% 73% 65%
Typical yearly property tax $3,832 $4,371 $2,904 $3,119
Effective property tax rate 1.62% 1.27% 1.25% 0.94%
Renters with high rent for their income 55% 45% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Oakland County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Southfield

For a typical $236,200 home in Southfield, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Southfield's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,093a month

    Least cash to close
    Down payment
    $8,267
    Cash to close
    $15,353
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $104

  • Conventional, 5% down $2,050a month

    Down payment
    $11,810
    Cash to close
    $18,896
    Rate
    7.18%
    Mortgage insurance
    PMI · $112

  • Conventional, 20% down, no PMI $1,697a month

    Down payment
    $47,240
    Cash to close
    $54,326
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,916a month

    Down payment
    $35,430
    Cash to close
    $42,516
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Southfield and for Oakland County.

Property tax

Effective rate in Southfield

1.62%of the home’s value each year

$3,832 a year for the typical owner in Southfield.

  • Southfield 1.62%
  • Oakland 1.27%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Oakland County

FEMA does not publish these numbers by city: they are for all of Oakland County.

Homes in the high-risk zone
0.4%
1,809
Of those, with NFIP insurance
21%
County Michigan U.S.
Homes in the high-risk zone 0.4% 1.6% 3.5%
Of those, with NFIP insurance 21% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Southfield

Typical rent in Southfield is $1,340 a month: 3% below the county. In Southfield, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Oakland County, by unit size. To pay the 2-bedroom one ($1,459 a month) without spending more than 30% of your income, you would need to earn $28.06 an hour working full time.

HUD fair market rent for all of Oakland County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,047 $20.13 $41,880
1 bedroom $1,167 $22.44 $46,680
2 bedrooms $1,459 $28.06 $58,360
3 bedrooms $1,777 $34.17 $71,080
4 bedrooms $1,929 $37.10 $77,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Southfield

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Southfield has 4 ZIP codes with their own.

For 2 bedrooms it runs from $1,570 in 48034 to $1,760 in 48076.

4 of the 4 are above the fair market rent for Oakland County ($1,459).

  • 48033 $1,580$1,920
  • 48034 $1,570$1,910
  • 48075 $1,570$1,910
  • 48076 $1,760$2,140

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Southfield when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Southfield

HUD lists 9 buildings with rents for lower incomes in Southfield. These are the largest.

  • Pebble Creek Place 28600 Pebblecreek Pkwy, Southfield 48034 256 homes, 255 low-income · 1 bd: 64 · 2 bd: 152 · 3 bd: 40 · In service since 1996
  • River Park Place (southfield) 24300 Civic Center Dr, Southfield 48033 245 homes, 244 low-income · 1 bd: 192 · 2 bd: 45 · 3 bd: 8 · In service since 2016
  • River Park Place 26031 Berg Rd, Southfield 48033 244 low-income homes · For families (248) 355-2810
  • Mcdonnell Tower 24300 Civic Center Dr, Southfield 48033 162 low-income homes · 1 bd: 154 · 2 bd: 8 · In service since 2016 · For older adults
  • Woodridge Apartments 25325 Grodan Dr, Southfield 48033 100 homes, 98 low-income · For older adults (248) 357-5450

See all 107 buildings in Oakland County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Southfield

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 7 HUD-approved agencies with an office in Oakland County; 5 say they serve in Spanish.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Southfield

No down payment, repair or rent-help program on our list is for Southfield or Oakland County. The ones below are statewide in Michigan: they work in Southfield the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Southfield

The HUD-approved agencies closest to the center of Southfield, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Abayomi Community Development Corporation

    24331 W 8 Mile Rd, Detroit · 3 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (313) 541-9828

  • Gesher Human Services

    29699 Southfield Rd, Southfield · 3 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (248) 233-4299

  • Amandla Community Development Corporation

    7707 W Outer Dr, Detroit · 5 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (313) 347-2829

Every agency in Oakland County All counseling agencies in Michigan

Help in Spanish near Southfield

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Southfield

HUD’s record names them for Southfield or Oakland County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

4 other authorities have an office in Oakland County: see the list Source: HUD

Cities

Other cities in Oakland County

These cities are also in Oakland County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Oakland County Housing in Michigan
See 11 more cities in Oakland County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Southfield, with the typical home value.

Neighboring counties

If Oakland County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Southfield.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Southfield

Short answers with the numbers for Southfield and all of Oakland County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Southfield?

The typical home value in Southfield is $236,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Oakland County it is $343,600.

How much does it cost to rent in Southfield?

Typical rent in Southfield is $1,340 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Oakland County is $1,459.

What is the FHA loan limit in Southfield?

Southfield uses the FHA limit for all of Oakland County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Southfield?

The typical homeowner in Southfield pays $3,832 a year, according to the U.S. Census Bureau. That is 1.62% of the home’s value; in Oakland County, the rate is 1.27%.

Where can I find free help to buy or rent in Southfield?

There are 7 HUD-approved counseling agencies with an office in Oakland County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).