Detroit by the Numbers: April 2026 | What Out-of-State Investors Need to Know
Quick snapshot for anyone running numbers on Detroit right now:
- Median home price: ~$80k
- Average SFH rent: ~$1,300/mo
- Median days on market: 62
- Inventory up 60% YoY — 3.71 months of supply
- Metro appreciation forecast: 3–5%
- Neighborhoods like Hazel Park, Oak Park, Redford running 5–8%
Rent-to-price ratio on a $120K home renting for $1,300: 1.08%. That number doesn't exist in most U.S. metros anymore.
Detroit isn't a flip market. It's a cash flow market. The investors who do well here buy for income, hold long-term, and let modest appreciation compound. The ones who get burned are chasing appreciation plays in a market built for yield.
Anyone else here active in Detroit?? If so, what neighborhoods are you buying in?
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- Property Manager
- Royal Oak, MI
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Nice post!
Just be careful of confusing OOS investors.
"Neighborhoods like Hazel Park, Oak Park, Redford" - these aren't Neighborhoods, they're suburban cities bordering the City of Detroit.
We call them, "Ring Cities" and they're great Class B rental cities. Average prices in these cities though, are well above $80k.
- Drew Sygit
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- 248-209-6824
