Why Home Values Are Rising Rapidly in Detroit’s Inner Ring Suburbs: New Assessment Data Revealed
Posted by Michael Perna on
Detroit’s inner-ring suburbs are seeing a real estate renaissance. According to newly released property assessment data, home values in several of these communities have surged by double digits over the past year. This trend is turning heads across Metro Detroit. Homeowners in the city of Detroit itself gained an astonishing $1.4 billion in new home equity in 2024, marking one of the largest single-year gains in the city’s history. What’s fueling this rapid rise in residential values, especially in the older inner-ring suburbs that hug the Motor City’s border? Let’s dig into the data and the driving forces behind this boom.
New Assessment Data Shows Surging Home Values in Inner-Ring Suburbs
Recent assessment figures confirm what many…
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