Detroit housing market
Typical home value
$264K
▲ 1.8% 1 yr
Typical rent
$1,514/mo
▲ 4.2% 1 yr
12-month forecast
+1.8%
#308 of 546 metros
Gross rent yield
6.9%
#146 of 546 · U.S. 6.3%
Days to pending
36 days
▲ +5 days 1 yr
Listings with a price cut
29%
▲ +2.1 pts 1 yr
Key takeaways
- 1The typical home is worth $264,316, up 1.8% in a year and up 22% over five years.
- 2Zillow forecasts home values rising 1.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,514/mo (+4.2% YoY), a 6.9% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,453/mo in principal and interest, $61 less than renting.
- 5Homes go under contract in 36 days (+5 days vs last year); 29% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 40/100, #270 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Detroit compares
| Measure | Detroit | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.8% | +1.2% | #300 |
| Home value, 5-yr change | +21.9% | +19.7% | |
| 12-month forecast | +1.8% | +1.1% | #308 |
| Rent, 1-yr change | +4.2% | +2.7% | #175 |
| Gross rent yield | 6.9% | 6.3% | #146 |
| Price-to-rent ratio | 14.5 | 15.8 | |
| Mortgage P&I on typical home | $1,453 | $2,012 | |
| Income needed to buy | $75,797 | $100,902 | |
| Days to pending | 36 | 56 |
Cities in the Detroit metro
45 cities with home value and rent data.
| Detroit | $75K | ▼ 5.9% | $1,328 | ▲ 5.1% | 21.3% |
| Warren | $197K | ▼ 0.1% | $1,369 | ▲ 3.5% | 8.3% |
| Sterling Heights | $305K | ▲ 0.9% | $1,567 | ▲ 1.7% | 6.2% |
| Dearborn | $248K | ▲ 3.8% | $1,861 | ▲ 3.2% | 9.0% |
| Clinton Township | $255K | ▲ 1.1% | $1,297 | ▲ 3.3% | 6.1% |
| Canton | $401K | ▲ 1.2% | $1,904 | ▲ 3.9% | 5.7% |
| Livonia | $312K | ▲ 2.2% | $1,699 | ▲ 3.9% | 6.5% |
| Macomb | $426K | ▲ 2.4% | $1,745 | ▲ 4.6% | 4.9% |
| Troy | $454K | ▲ 1.9% | $1,854 | ▲ 3.4% | 4.9% |
| Westland | $211K | ▲ 1.6% | $1,301 | ▲ 3.7% | 7.4% |
| Farmington Hills | $387K | ▲ 2.1% | $1,478 | ▲ 6.3% | 4.6% |
| Shelby Township | $403K | ▲ 2.0% | $1,580 | ▲ 2.8% | 4.7% |
| Rochester Hills | $466K | ▲ 3.3% | $1,772 | ▲ 0.5% | 4.6% |
| Southfield | $251K | ▲ 1.9% | $1,539 | ▲ 3.7% | 7.3% |
| Waterford | $275K | ▲ 2.9% | $1,323 | ▲ 3.1% | 5.8% |
| West Bloomfield | $456K | ▲ 2.6% | $2,277 | ▲ 6.8% | 6.0% |
| Taylor | $175K | ▲ 1.0% | $1,518 | ▲ 0.9% | 10.4% |
| Dearborn Heights | $213K | ▲ 2.3% | $1,447 | ▲ 2.0% | 8.2% |
| Howell | $384K | ▲ 2.4% | $1,824 | ▲ 4.5% | 5.7% |
| Pontiac | $135K | ▲ 0.7% | $1,351 | ▲ 0.2% | 12.0% |
| Novi | $466K | ▲ 2.8% | $1,832 | ▲ 3.0% | 4.7% |
| Royal Oak | $328K | ▲ 1.9% | $1,962 | ▲ 5.0% | 7.2% |
| Saint Clair Shores | $228K | ▲ 2.2% | $1,707 | ▲ 5.3% | 9.0% |
| Redford | $173K | ▲ 1.2% | $1,574 | ▲ 1.3% | 10.9% |
| Bloomfield Hills | $670K | ▲ 4.2% | $2,718 | ▲ 7.6% | 4.9% |
| Roseville | $171K | ▲ 2.1% | $1,265 | ▲ 2.9% | 8.9% |
| Clarkston | $429K | ▲ 3.0% | $1,830 | ▲ 4.8% | 5.1% |
| Northville | $590K | ▲ 4.4% | $1,736 | ▲ 5.6% | 3.5% |
| Fenton | $364K | ▲ 2.9% | $1,479 | ▲ 5.9% | 4.9% |
| Lincoln Park | $151K | ▲ 1.0% | $1,236 | ▲ 4.0% | 9.8% |
| Plymouth | $474K | ▲ 3.6% | $1,529 | ▲ 3.9% | 3.9% |
| Port Huron | $174K | ▲ 3.6% | $1,088 | ▲ 7.1% | 7.5% |
| Commerce Township | $398K | ▲ 2.2% | $2,313 | ▲ 15.9% | 7.0% |
| Eastpointe | $152K | ▲ 0.8% | $1,467 | ▲ 4.6% | 11.6% |
| Southgate | $193K | ▲ 2.2% | $1,446 | ▲ 6.6% | 9.0% |
| Oak Park | $231K | ▲ 1.8% | $1,540 | ▲ 2.4% | 8.0% |
| Madison Heights | $215K | ▼ 1.2% | $1,565 | ▲ 2.7% | 8.7% |
| Inkster | $106K | ▲ 1.4% | $1,211 | ▲ 1.2% | 13.7% |
| Wyandotte | $188K | ▲ 0.9% | $1,166 | ▲ 2.4% | 7.5% |
| Auburn Hills | $277K | ▲ 2.8% | $1,799 | ▲ 4.8% | 7.8% |
| Birmingham | $745K | ▲ 6.4% | $2,682 | ▲ 4.6% | 4.3% |
| Harrison Township | $279K | ▼ 2.9% | $1,307 | ▲ 1.2% | 5.6% |
| Ferndale | $246K | ▼ 1.7% | $1,654 | ▲ 4.6% | 8.1% |
| Hazel Park | $154K | ▼ 3.4% | $1,521 | ▲ 2.9% | 11.8% |
| Harper Woods | $150K | ▼ 1.2% | $1,369 | ▲ 2.5% | 10.9% |
Run the numbers
Rental property calculator
Cash flow on a typical Detroit rental ($264K, $1,514/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Detroit home.
Rent vs buy
Is it cheaper to rent or buy in Detroit?
Renting out a property in Michigan? See deposit limits, late fee rules and notice periods.
Other Michigan metros
Grand Rapids, MI
$356K home$1,614 rent5.4% yield
▲ 4.9% 1 yr
Lansing, MI
$246K home$1,302 rent6.3% yield
▲ 3.6% 1 yr
Flint, MI
$196K home$1,041 rent6.4% yield
▲ 4.1% 1 yr
Ann Arbor, MI
$412K home$1,917 rent5.6% yield
▲ 2.4% 1 yr
Kalamazoo, MI
$274K home$1,287 rent5.6% yield
▲ 4.4% 1 yr
Saginaw, MI
$175K home$1,055 rent7.2% yield
▲ 5.4% 1 yr
Muskegon, MI
$255K home$1,288 rent6.1% yield
▲ 4.3% 1 yr
Jackson, MI
$225K home$1,185 rent6.3% yield
▲ 2.6% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.