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Fixer Upper Homes in Detroit, MI

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Detroit, MI Foreclosures

How much do homes sell for in Detroit, MI?
The average home price is currently $130,067.
In Detroit, MI, how many homes are available?
There are currently 4 active home listings available in Detroit.
What’s the average rental cost in Detroit, MI?
The average rental price in Detroit is $1,317.
What is the most expensive home in Detroit?
The most expensive home sold in Detroit had a price of $34,382,276.
What is currently the cheapest priced home in Detroit, MI?
The cheapest home for sale in Detroit is priced at $10,000.

Living in Detroit, MI

Detroit, known as the Motor City, is renowned for its influential role in the music industry and automotive history. The city boasts a rich cultural scene with diverse neighborhoods, historic architecture, and numerous arts and entertainment venues. Residents enjoy a blossoming food scene, parks, and various recreational activities that cater to all ages.

Current Market Conditions in Detroit, MI

The real estate market in Detroit has seen a significant resurgence over the past few years, with housing prices steadily increasing due to rising demand. Investors are particularly drawn to the city due to its growing tech scene and improvements in public infrastructure.

Affordability remains a key feature of the Detroit housing market, making it an attractive option for first-time homebuyers. As urban revitalization efforts continue, certain neighborhoods are experiencing more substantial appreciation in property values.

Home Value Estimator For Detroit, MI

There are currently 253,734 real estate properties in Detroit, MI, with a median automated valuation model (AVM) price of $94,475.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Detroit, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Detroit, MI, is $130,067.00, with the most expensive house in Detroit, MI, topping out at $34,382,276.00 and the cheapest home in Detroit, MI, clocking in at $10,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Detroit, MI!

Rent Prices In Detroit, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Detroit, MI, is on a rollercoaster ride. The average rent price in Detroit, MI, is $1,317.00. Indeed, when looking to rent in Detroit, MI, you can expect to pay as little as $480.00 or as much as $3,000.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Detroit, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Detroit, MI Fixer Upper Homes


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