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Detroit, MI

(Detroit-Warren-Dearborn, MI)
Diverse economy, strong healthcare and education sectors, affordable housing, historic properties, ongoing revitalization.
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Key Stats

Median Rental Income
$249,700
Median Home Price
Rent to Price Ratio
Affordability

About

Detroit, Michigan, known for its rich automotive history and ongoing revitalization efforts, offers a diverse real estate market. The city's economy is supported by sectors such as manufacturing, healthcare, and technology, with major employers including General Motors and Henry Ford Health System. Detroit's real estate market features a mix of historic homes, modern developments, and commercial properties, providing various investment opportunities. Ongoing urban redevelopment projects, including the revitalization of downtown and the riverfront, enhance the city's appeal. Detroit's cultural attractions, affordable housing market, and strategic location make it a promising market for real estate investors.

Growth Stats

5.31%
Appreciation
3.87%
YoY Rent Growth
Population Growth Rate

Macro Stats

Population
Unemployment Rate
Median Household Income

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