Detroit Housing Market: Trends & Prices (2025)

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    Detroit Real Estate Market Overview

    By Jacqueline DeMarco

    (Last Updated – 4/2025)

    Detroit is a vibrant city known for its rich cultural history, thriving arts scene, and automotive legacy. It offers affordable housing, a growing job market, and a strong sense of community. Revitalized neighborhoods like Downtown and Palmer Park blend history and charm with modern amenities, while the city’s many green spaces and riverfront views provide natural beauty.

    Detroit is also home to world-class museums, diverse food options, and passionate sports fans. For those looking for opportunity, creativity, and a city on the rise, this metro area can be an appealing place to set down roots. Read on for a closer look at the Detroit real estate market, including housing costs, trends, and popular neighborhoods.

    $87,500

    Median Home Price

    $78

    Median Price Per Square Foot

    65 days

    Median Days on Market

    Detroit Housing Market Forecast

    Though housing sales fluctuate seasonally, you can see from the chart below that Detroit home prices have increased dramatically over the last five years. Nevertheless, there is good news for buyers: Growth has slowed in recent years, and home prices are currently below their 2022 highs.

    Looking ahead, real estate agents are expecting slow to moderate growth in the Detroit housing market, with prices rising about 3% to 4% overall in 2025.

    Housing market forecast chart

    *Graph taken from Zillow as of 4/2025

    Demographics of the Detroit Market

    According to the most recent census data, the median household income in Detroit is $39,575, which is significantly lower than the national median household income of $78,538.

    However, the demographics of the city are slowly evolving. Though poverty is still an issue in Detroit, a growing number of young professionals are moving into the city’s center, drawn by low-cost housing and unique neighborhoods.

    Detroit also offers a growing mix of employment opportunities. While General Motors and Fiat Chrysler are still among the area’s top employers, more recent job growth has occurred outside the auto industry. Workers can find opportunities in manufacturing, professional/business services, education, construction, health services, and other sectors. The local and federal government, along with the public school system, also offer a large number of jobs in the Detroit metro area.

    Median Household Income: $39,575

    Median Age: 35.2/span>

    College Educated: 48.7%

    Homeowners: 54%

    Married: 25%

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