The story of this market
The typical home in Detroit, Michigan sells for about $320,600, or $135 per square foot.
Prices are down 2.7% from a year ago, which gives buyers more room to negotiate. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Detroit, Michigan
The Detroit housing market is currently balanced, with a median sale price of $320,600 and 4.8 months of inventory. While year-over-year price growth has softened, the market remains supported by ongoing downtown revitalization and major institutional investments. Challenges such as high property taxes and aging infrastructure continue to influence long-term affordability and development feasibility.
No ARED county foreclosure postings attributed to Detroit yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price diverges 196.9% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Deterministic aggregate of 25 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 5.2% year over year.
Homes spend a median of 50 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 49.16% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 12.4% · poverty 30.5% — elevated distress and economic pressure.
- C.J. Barrymore's4.421.9 mi
- Dave & Buster's Livonia420.6 mi
- Dave & Buster's Utica4.120.9 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.40.9 mi
- Lower Huron Metropark - Turtle Cove Family Aquatic Center4.522.4 mi
- Little Caesars Arena4.61 mi
- Comerica Park4.70.7 mi
- Ford Field4.60.7 mi
- Huntington Place4.50.4 mi
- Masonic Temple4.41.2 mi
- Ambassador Bridge42.1 mi
- Comerica Park4.70.7 mi
- Henry Ford Museum of American Innovation4.810 mi
- Detroit Zoo4.511.5 mi
- Detroit Institute of Arts4.82.3 mi
- Henry Ford Museum of American Innovation4.810 mi
- Detroit Institute of Arts4.82.3 mi
- Greenfield Village4.89.8 mi
- Michigan Central4.81.8 mi
- Motown Museum4.73.3 mi
- Campus Martius Park4.70.3 mi
- Detroit Riverwalk4.80.5 mi
- Heritage Park4.713.3 mi
- Ford House4.712.2 mi
- Red Oaks Waterpark4.413.5 mi
- Detroit Yacht Club4.63.8 mi
- Sindbad's Restaurant and Marina4.24 mi
- Riverside Marina4.44.2 mi
- Bayview Yacht Club4.74.9 mi
- Safe Harbor Detroit River4.54.1 mi
- Big Time Entertainment4.43 mi
- Western Golf & Country Club4.613.9 mi
- Rackham Golf Course3.811.9 mi
- Seven Lakes Golf Course Ltd4.27.6 mi
- Maple Lane Golf Club and Driving Range414.5 mi
- Devonshire Mall4.34.3 mi
- Fairlane Town Center4.19.3 mi
- Oakland Mall4.114.7 mi
- Windsor Crossing Premium Outlets4.26.4 mi
- Meijer48.9 mi
- Detroit Metropolitan Wayne County Airport4.317.8 mi
- Windsor International Airport4.26.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A 982-acre island park offering beaches, a conservatory, and aquarium, serving as a premier recreational destination for the city.
A multi-mile waterfront path that has become a central hub for public events, dining, and recreation, significantly boosting property values in adjacent neighborhoods.
A world-class art museum located in Midtown that serves as a major cultural anchor and driver of regional tourism.
Detroit is increasingly attractive to urban-focused professionals and investors drawn to the city's cultural amenities and lower entry price points, while long-term residents and families seek stability in neighborhoods benefiting from ongoing revitalization efforts.
The Detroit Public Schools Community District (DPSCD) is undergoing a long-term transformation effort to improve academic outcomes, though many schools currently struggle with low proficiency ratings compared to suburban districts.
The city is served by the Detroit Department of Transportation (DDOT) and features a mix of bus corridors and the QLine streetcar, though the region remains heavily reliant on personal vehicle commuting.
Detroit offers a robust amenity base including the expansive Belle Isle Park, the revitalized Detroit Riverwalk, and major cultural institutions like the Detroit Institute of Arts, which serve as significant anchors for residential demand.
The rental market is characterized by high demand for quality housing, with recent reports indicating a 6% increase in Class-A rents; however, vacancy pressure remains in older housing stock, and investor activity is heavily concentrated in revitalizing corridors.
The economy is anchored by the automotive industry, healthcare systems, and a growing tech and startup presence in the downtown core, supported by significant public-private partnerships.
Economic momentum is driven by major investments in the automotive sector, downtown revitalization projects, and significant healthcare expansions, though the city continues to manage the legacy of industrial decline.
Major development is concentrated in the downtown and Midtown areas, with significant focus on neighborhood revitalization initiatives and the conversion of vacant land into productive residential or commercial use.
Parcels in Detroit are subject to various special assessments and tax increment financing districts, particularly within the Downtown and Midtown areas, which are used to fund infrastructure and revitalization projects.
Detroit continues to face significant public safety challenges with crime rates that remain higher than regional and national averages, though city-led initiatives are focused on neighborhood stabilization and increased police presence.
The city faces risks related to aging infrastructure and urban flooding during extreme weather events, with insurance premiums reflecting these environmental and structural vulnerabilities.
Property insurance premiums in Detroit are elevated due to higher-than-average risk profiles related to fire, theft, and aging infrastructure, impacting overall housing affordability.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Data retrieved from US Census Bureau QuickFacts and Data.census.gov profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.