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Get to know Detroit. Whether you're looking to purchase a home, putting yours up for sale or exploring rental options, get up-to-date information about the Detroit real estate market, all in one place. Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Detroit without having to leave home.

The median home price in Detroit for the week end on March 31st 2023 was $42,800 compared to $773, the median rent. Unemployment sits at 19.8% as of March 31st 2023. The population of Detroit is 679,865. The median age of the locals is 34.7.

Market trends

Single Family Homes

In the past week, single family homes in Detroit sold on average for $69,900 and spent 119 days on the market. In Detroit, the inventory of 1,604 experienced a 11% relisting. The average price per square foot was $63.

In the past week, condo/townhomes in Detroit sold on average for $327,500 and spent 180 days on the market. In Detroit, the inventory of 214 experienced a 15% relisting. The average price per square foot was $246.

Population trends

As previously noted, the population of Detroit is 679,865 and the median age is 34.7. Among Detroit residents, there is a homeowner vacancy rate of 5.1% and a rental vacancy rate of 7.2% from a total of 364,900 units.

School information

Detroit has 50 schools. Each school is rated by key indicators like test scores, academic progress, college readiness, student-teacher ratio and more. These scores will help you compare the best schools in Detroit.

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All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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