A STRETCH
On $75,000/yr, the typical $264,316 home in Detroit, MI needs $82,752/yr ($1,931/mo). Your gap: $-7,752 — housing would be 30.9% of your gross income.
The math
264,316 price − 10% down (26,432) = 237,884 loan
30-yr fixed at 7.18% on 237,884 = 1,612/mo principal+interest
+ 319/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,931/mo PITI ÷ 0.28 = 6,896/mo → 82,752/yr required
against Zillow ZHVI 2026-09 and the 7.18% FRED 30-yr rate (2026-11-05).
What salary WOULD clear Detroit, MI?
You need about $82,752/yr for the typical home. That's $7,752 more than $75,000.