Detroit Real Estate Market Reports
13 of the top 20 cities are in California.
Our analysis this week looks at listing prices in New Center, Woodbridge, Morningside, and more Detroit neighborhoods.
NeighborhoodX charted out listing prices in nine different Detroit neighborhoods to see a wide range of options and prices across the city.
The report released by the DDP shows that the demand keeps rising for housing in downtown and its surrounding neighborhoods.
In a new report from Apartment List, a survey of renters found affordability, jobs, and safety as top reasons for renters planning to leave the Motor City.
A new report from SmartAsset shows that your money can go a long way in terms of buying a house in Detroit.
Construction is booming across Detroit, and we have the rentals to prove it.
A new report from the Urban Institute identifies a growth in the senior population, a decrease in African American homeownership, and a growing demand for rentals as factors influencing housing in SE Michigan.
CBRE and JLL’s Skyline Report show the need for more office space downtown, and so many development projects in the pipeling.
A new report shows the average two-bedroom apartment costs $1,087 per month in Detroit. In order to not be housing cost-burdened, you’ll need to make $46,586 to afford it.
The report from ABODO states that 40.2% of Detroit millennials are homeowners, compared to 32% nationwide.
In a report from job site Ziprecruiter, Detroit ranked 16 in fastest growing tech towns. Detroit’s low rent and home prices helped nab that ranking.
The new study says the metro Detroit area will need about 1,100 new apartments a year, plus renovations to older units, to meet demand.
Redfin’s migration report shows home searchers in Chicago, LA, and San Francisco looking in Detroit’s housing market.
According to this study, a 50-30-20 budgeting rule puts Detroiters at a "comfortable" income with just over $42K. But what are some of the other costs to consider?
What can we look forward to in Detroit’s real estate market in the next few months? We look at neighborhoods to watch, construction completing on big projects, and more.
A new report from Detroit Future City highlights the shift from homeownership to renting in many outlying neighborhoods in Detroit.
Compared to other major cities around the US, and the world, Detroit is still fairly affordable.
What makes one city more livable than another? In their latest study, U.S. News & Word Report asked this question and deemed Detroit the 89th best U.S. city to live in. The overall score for Detroit was 5.9 with a maximum possible score of 10.
Redfin released their predictions for the hottest neighborhoods of 2017. Their top three choices actually give us about 10 to choose from.
The study by ABODO looked at median rental prices, median tech salary, and availability of tech jobs. Detroit still has low rent compared to other major metro areas.
Rent prices stayed pretty consistent in Detroit through 2016, but December saw a big spike in prices. Could we see a bigger increase as new developments open?
If we’re talking square footage, Detroit leads the way in how much you can get for your money. We take a realistic look at what’s available for the price range.
The study from SmartAsset looked at rent-to-income ratios between 2012 and 2015.
We’re still the fifth lowest among the top 27 metro areas in terms of what you need to make to afford a house. But that salary is rising.
For the fifth year in a row, the Human Rights Campaign (HRC) Foundation released their annual Municipal Equality Index (MEI) for over 500 cities in the nation, ranking them on how inclusive they are for the LGBTQ community. So, how did Detroit do?
As far as listing prices go, Willy’s in Midtown and Book Cadillac downtown take the top spots.
In July, home values across the country rose 5.1 percent year-over-year to a median $187,300, while rents increased 2.2 percent to a median monthly $1,408. This was the forty-eighth straight month that national home values have appreciated.
In the U.S., Detroit has the fifth lowest salary needed to own a home
Zumper, an apartment rental platform, has released their numbers for August. And while we’re the 96th most expensive market in the country, rents are on the rise.
Our friends at NeighborhoodX looked at numbers of the most expensive sales in Midtown and University District in 2012 and 2016 and found pretty substantial increases.
The Urban Institute has compiled data for Detroit’s housing market this year, finding both housing prices and rents are up, and delinquencies are down.
If you’re buying a house in Detroit, our friends at realtor.com say you should save as much as a few cups of coffee would cost you. We might make our sacrifices elsewhere.
While we're still far behind other large cities in the country, rents are on the rise in Detroit. Based on a market rate two-bedroom apartment, you should make $37,971 to rent in the city.
Recent data from OpenHouse shows us that in the past 30 days, 65% of Detroit home buyers are paying under the listing price, while 14% are paying more for their new homes.
It depends on what you consider a starter home. But there are affordable houses in Detroit, and programs to help home buyers.