blog - Detroit Real Estate

Detroit Median Home Price Tops $100,000 for First Time After 32.6% June Surge

Detroit just hit a housing milestone that would have been unthinkable a decade ago: the median home sale price in the city has climbed into the six figures. In June 2025, the typical Detroit house sold for over $100,000, the first time ever values have reached that benchmark. That price is roughly one-third higher than it was a year earlier, reflecting a dramatic 32%+ surge in values this past June alone. For a city long known for ultra-affordable real estate, crossing the $100K mark is a big deal. It signals a new chapter in Detroit’s ongoing comeback and has plenty of locals scratching their heads (and checking their home equity).

In this article, we’ll break down why Motor City home prices are rising so fast, what’s happening in different…

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Michigan Property Tax Explained: What Every Homeowner Should Know

Picture two Metro Detroit houses listed at $150,000 each. Now imagine one will cost you over $4,000 more per year in taxes than the other, all because of the community it’s in. It’s a real scenario in Michigan. Many first-time buyers focus on sale price and interest rates, only to be caught off guard by how property taxes drive up their monthly mortgage payments. In fact, Michigan consistently ranks high in property tax rates (average effective rate ~1.35%, well above the U.S. average). Understanding how Michigan’s property taxes work isn’t just dull number-crunching, it’s essential knowledge that can save you from nasty surprises and help you budget smartly for your dream home. Let’s break down the basics of property taxes in Michigan, with a friendly…

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These Are the 10 Best Places to Live in Metro Detroit for Families, Jobs, and Lifestyle

Searching for the best places to live in Metro Detroit? Whether you’re moving with kids, downsizing, or just looking for a neighborhood that fits your lifestyle, finding the right place to call home is a big decision, but it doesn’t have to be stressful. Metro Detroit offers a wealth of great communities, from bustling suburban cities with job opportunities to quiet small towns full of charm. In fact, Niche, a trusted platform for data-driven insights on schools, towns, and colleges, releases annual rankings of the top places to live in the Detroit area, considering crucial factors like public school quality, crime rates, cost of living, employment, and family-friendly amenities. These rankings are based on the latest data from sources such as the U.S.…

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Detroit’s Credit Rating Hits 25-Year High: What It Means for the City’s Comeback

Detroit, MI – Is Detroit’s dramatic comeback story entering a new chapter? Many lifelong Detroiters and Metro area residents are buzzing this week after Moody’s Investors Service upgraded the city’s credit rating to Baa1, the highest tier Detroit has achieved since 1999. This milestone, essentially Detroit’s strongest financial rating in 25+ years, signals far more than just numbers on Wall Street. It represents a vote of confidence in the Motor City’s resurgence and hints at tangible benefits for local neighborhoods, families, and investors.

In a city that not long ago faced bankruptcy and “junk” credit status, the new rating has locals curious: What does this financial feat really mean for Detroit’s future and for those of us who live, work, and…

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From Forgotten Fairways to Future Greenspace: The Remarkable Revival of Detroit’s Rogell Park

Imagine a long-abandoned golf course in Northwest Detroit, its once-manicured fairways now a tangle of weeds. For years, the 120-acre Rogell Golf Course sat as an overgrown reminder of better days. Today, that forgotten fairway is on the verge of an inspiring transformation into Rogell Park, a sprawling new green space that’s about to breathe fresh life into the neighborhood. This revival isn’t just about adding another park to the city’s roster; it’s about turning a community eyesore into a community asset. Locals who grew up near Seven Mile and Lahser remember when the course was a point of pride, and they’ve watched its decline with disappointment. Now, as plans take shape to convert those idle acres into a nature park with trails and wetlands, there’s…

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Metro Detroit Home Prices Are Surging Again: What Buyers and Sellers Need to Know

Metro Detroit’s housing market is making headlines, and for once, it’s not the usual story of steady-as-she-goes growth. Home prices in the Motor City metro are soaring at one of the fastest rates in the nation. In fact, recent data showed Metro Detroit near the very top of U.S. cities for annual home price appreciation. Detroit even briefly held the #1 spot for fastest-rising prices late last year. This surge has caught the attention of families and industry experts alike. What’s fueling this sudden rise, and what does it mean for local buyers and sellers? Let’s break it down, with the friendly insight of a lifelong Michigander who’s seen a thing or two in this market.

Metro Detroit Home Prices Soar to the Top of the Charts

It might surprise…

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Detroit Ranked Among America’s Least Happy Cities: But There’s More to the Story

Detroit recently appeared near the bottom of a national “happiest cities” list, raising eyebrows and concerns. A 2024 study by personal finance site SmartAsset evaluated quality-of-life factors in 90 of America’s largest cities, and Detroit landed at No. 88 out of 90. By the numbers, the Motor City struggled on key metrics like income levels, health, and overall quality of life. Headlines made it sound like Detroit is one of the country’s unhappiest places. But talk to any lifelong Detroiter, and you’ll hear a more nuanced story. Does a low ranking mean Detroit is truly an unhappy city? Let’s unpack what the data says, why it might be misleading, and the real reasons locals still find plenty to love about the D.

The “Unhappiest Cities” Ranking:…

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Northwest Detroit Welcomes New 48-Unit Affordable Housing Development

In the heart of Northwest Detroit’s historic Old Redford neighborhood, residents are celebrating a long-awaited addition to their community: a new 48-unit affordable housing development. What was once a cluster of nine vacant, blighted lots has been transformed into the vibrant Orchard Village Apartments, offering much-needed homes for Detroit families. Neighbors, city officials, and community leaders recently gathered for a joyful ribbon-cutting ceremony, marking this development as a hopeful milestone in the city’s ongoing neighborhood revitalization efforts.

Local families immediately feel the impact. “I used to pass by here and look at the progress they were making, and I liked it,” said Vera Cotton, one of Orchard Village’s first residents, noting…

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Why Home Values Are Rising Rapidly in Detroit’s Inner Ring Suburbs: New Assessment Data Revealed

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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Metro Detroit Tops the Nation in Median Home Affordability

In a country where buying a home often feels out of reach, Metro Detroit stands out as an unexpected housing hero. This Midwest metro area has quietly topped a new national ranking for affordable housing. Yes – you read that right. According to a recent report by Clever Real Estate, Metro Detroit is one of only two major U.S. cities where the median household income is sufficient to afford a median-priced home in the area. In an era of sky-high prices, affordable housing in Metro Detroit isn’t just a catchphrase – it’s a reality that’s turning heads in the real estate world.

Metro Detroit’s Housing Affordability by the Numbers

How did Detroit earn this distinction? The numbers tell the story. The Clever Real Estate study used a standard…

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