Detroit vs Lima
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Detroit vs Lima
Detroit is 35% more affordable for homebuyers. Detroit has a price-to-income ratio of 1.8x compared to 9.8x in Lima.
| Metric | Detroit | Lima |
|---|---|---|
| Avg Home Price | $85,000 | $130,000 |
| Price / sqm | $1,200 | $2,200 |
| Rent (1BR) | $900/mo | $500/mo |
| Rent (3BR) | $1,400/mo | $900/mo |
| Price-to-Income | 1.8x | 9.8x |
| Mortgage Rate | 6.8% | 7.5% |
| 1yr Change | +5.2% | +2.8% |
| Median Income | $48,000/yr | $13,000/yr |
| Population | 640,000 | 10,000,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Detroit or Lima more expensive?
Detroit is more affordable. Home prices differ by $45,000 (35%).
Which city has cheaper rent, Detroit or Lima?
Rent for a 1BR in Detroit is $900/mo vs $500/mo in Lima.
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