Real estate market overview
Overview & Ratings
Get to know Detroit
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 April 30th 2021 was $42,800 compared to $773, the median rent. Unemployment sits at 19.8% as of April 30th 2021. The population of Detroit is 679,865. The median age of the locals is 34.7.
Bachelor's degree or higher
Median monthly rent
Estimated housing units
Median household income
Data from 2012-2017 census for Detroit
In the past week, single family homes in Detroit sold on average for $59,900 and spent 120 days on the market. In Detroit, the inventory of 665 experienced a 14% relisting. The average price per square foot was $54.
In the past week, condo/townhomes in Detroit sold on average for $312,450 and spent 182 days on the market. In Detroit, the inventory of 202 experienced a 15% relisting. The average price per square foot was $280.
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.
Detroit has 281 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.
Data provided by GREAT SCHOOLS
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This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Data Provided by Altos and Census Bureau
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