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Detroit, Michigan

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Demand is unremarkable. Hotness 29/100, supply score 45, homes go under contract 2.9% slower than the US median, at 38% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $40K, +1.5% YoY (ZIP); renters hold 50.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +0.1% YoY. inventory, +0.1% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $128,680 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

33 ZIPs in this city:48201 48202 48204 48205 48206 48207 48208 48209 48210 48211 48213 48214 48215 48216 48217 48219 48221 48222 48223 48224 48226 48227 48228 48231 48232 48233 48234 48235 48238 48242 48243 48244 48288

Market Hotness

29 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

+2.9%

homes sell slower here

38%

of national median · below avg

Median Listing Price

$129K

Population

601,906

245,033

Median Days on Market

Active Listings

2,686

New Listings

686

Housing Market

The median listing price is up 0.1% YoY while the median home got up 0.7% bigger, so value per square foot is up 0.4%.

Pricing

Median Listing Price

$129K+0.1% YoY

Average Listing Price

$149K0.0% YoY

Price per Sq Ft

$102.372+0.4% YoY

Median Sq Ft

1,261+0.7% YoY

Inventory

Active Listings

2,686-0.3% YoY

New Listings

686-25.8% YoY

Total Listings

3,503+0.1% YoY

Buyer Competition

Pending Listings

840+3.4% YoY

Pending Ratio

0.31+3.9% YoY

Median Days on Market

63+16.6% YoY

Price Reduced

19.7%+4.4% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 801,083

801Kunits

Occupied700,59187.5%

Vacant100,49212.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 700,591

701Koccupied

Owner453,65264.8%

Renter246,93935.2%

Renter Share

35.2%-0.8% YoY

Total Housing Units

801,083+0.6% YoY

FY2026 Fair Market Rent

CountyWayne County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,009

/month

1 BR

$1,122

/month

2 BR

$1,411

/month

3 BR

$1,724

/month

4 BR

$1,868

/month

FMR trends · Wayne County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 50.4% of this ZIP's 245,033 occupied households, on a median household income of $40K.

Population & Age

Total Population

601,906+0.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 601,906

602Kresidents

Under 18148,64624.7%

Adults 18–64361,55460.1%

65 & Over91,70615.2%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

35.660.0% YoY

Population Under 18

148,646-0.7% YoY

Population 65 & Over

91,706+2.4% YoY

Households & Mobility

Total Households

245,033+2.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.41-1.7% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.2%

Moved (within US)11.2%

Other0.6%

Veterans

4.2%-7.9% YoY

Income & Poverty

Median Household Income

$40K+1.5% YoY

Per-Capita Income

$25K+2.2% YoY

Mean Household Income

$57K+1.0% YoY

Below Poverty Level

32.6%+3.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone66.0%

Public transit5.1%

Worked from home11.8%

Other17.2%

Worked From Home

11.8%+19.0% YoY

Mean Commute

24.89-1.9% YoY

Units & Tenure

Total Housing Units

311,643+1.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 311,643

312Kunits

Occupied245,03378.6%

Vacant66,61021.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 245,033

245Khouseholds

Owner121,57549.6%

Renter123,45850.4%

Avg Household Size — Owner

2.51-1.7% YoY

Avg Household Size — Renter

2.31-1.7% YoY

County Demographics

County population is down 0.1% to 1,772,259: residents under 18 are down 0.6% and those 65 and over are up 2.5%.

Median Age

37.92024

Population

Wayne County Population

1,771,063+0.5% YoY

Households

Total Households

700,591+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.50-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,772,259

1.8Mresidents

Under 18418,68723.6%

Adults 18–641,060,04959.8%

65 & Over293,52316.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

418,687-0.6% YoY

Population 65 & Over

293,523+2.5% YoY

Median Age

37.90+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.9%

Moved (within US)9.4%

Other0.7%

Veterans

4.8%-5.9% YoY

County Economy

County median household income is $61K, 20.8% of residents are below the poverty level, 14.1% work from home.

Income

Median Household Income

$61K+1.7% YoY

Per-Capita Income

$35K+2.8% YoY

Mean Household Income

$86K+2.1% YoY

Poverty

Below Poverty Level

20.8%+3.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.9%

Public transit1.8%

Worked from home14.1%

Other12.2%

Worked From Home

14.1%+13.7% YoY

Mean Commute

24.70-1.2% YoY

Done with Detroit? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Detroit, Michigan

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Demand is unremarkable. Hotness 29/100, supply score 45, homes go under contract 2.9% slower than the US median, at 38% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $40K, +1.5% YoY (ZIP); renters hold 50.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +0.1% YoY. inventory, +0.1% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Market Hotness

29 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

+2.9%

homes sell slower here

38%

of national median · below avg

Median Listing Price

$129K

Population

601,906

245,033

Median Days on Market

Active Listings

2,686

New Listings

686

Housing Market

The median listing price is up 0.1% YoY while the median home got up 0.7% bigger, so value per square foot is up 0.4%.

Pricing

Median Listing Price

$129K+0.1% YoY

Average Listing Price

$149K0.0% YoY

Price per Sq Ft

$102.372+0.4% YoY

Median Sq Ft

1,261+0.7% YoY

Inventory

Active Listings

2,686-0.3% YoY

New Listings

686-25.8% YoY

Total Listings

3,503+0.1% YoY

Buyer Competition

Pending Listings

840+3.4% YoY

Pending Ratio

0.31+3.9% YoY

Median Days on Market

63+16.6% YoY

Price Reduced

19.7%+4.4% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 801,083

801Kunits

Occupied700,59187.5%

Vacant100,49212.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 700,591

701Koccupied

Owner453,65264.8%

Renter246,93935.2%

Renter Share

35.2%-0.8% YoY

Total Housing Units

801,083+0.6% YoY

FY2026 Fair Market Rent

CountyWayne County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,009

/month

1 BR

$1,122

/month

2 BR

$1,411

/month

3 BR

$1,724

/month

4 BR

$1,868

/month

FMR trends · Wayne County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 50.4% of this ZIP's 245,033 occupied households, on a median household income of $40K.

Population & Age

Total Population

601,906+0.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 601,906

602Kresidents

Under 18148,64624.7%

Adults 18–64361,55460.1%

65 & Over91,70615.2%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

35.660.0% YoY

Population Under 18

148,646-0.7% YoY

Population 65 & Over

91,706+2.4% YoY

Households & Mobility

Total Households

245,033+2.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.41-1.7% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.2%

Moved (within US)11.2%

Other0.6%

Veterans

4.2%-7.9% YoY

Income & Poverty

Median Household Income

$40K+1.5% YoY

Per-Capita Income

$25K+2.2% YoY

Mean Household Income

$57K+1.0% YoY

Below Poverty Level

32.6%+3.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone66.0%

Public transit5.1%

Worked from home11.8%

Other17.2%

Worked From Home

11.8%+19.0% YoY

Mean Commute

24.89-1.9% YoY

Units & Tenure

Total Housing Units

311,643+1.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 311,643

312Kunits

Occupied245,03378.6%

Vacant66,61021.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 245,033

245Khouseholds

Owner121,57549.6%

Renter123,45850.4%

Avg Household Size — Owner

2.51-1.7% YoY

Avg Household Size — Renter

2.31-1.7% YoY

County Demographics

County population is down 0.1% to 1,772,259: residents under 18 are down 0.6% and those 65 and over are up 2.5%.

Median Age

37.92024

Population

Wayne County Population

1,771,063+0.5% YoY

Households

Total Households

700,591+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.50-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,772,259

1.8Mresidents

Under 18418,68723.6%

Adults 18–641,060,04959.8%

65 & Over293,52316.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

418,687-0.6% YoY

Population 65 & Over

293,523+2.5% YoY

Median Age

37.90+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.9%

Moved (within US)9.4%

Other0.7%

Veterans

4.8%-5.9% YoY

County Economy

County median household income is $61K, 20.8% of residents are below the poverty level, 14.1% work from home.

Income

Median Household Income

$61K+1.7% YoY

Per-Capita Income

$35K+2.8% YoY

Mean Household Income

$86K+2.1% YoY

Poverty

Below Poverty Level

20.8%+3.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.9%

Public transit1.8%

Worked from home14.1%

Other12.2%

Worked From Home

14.1%+13.7% YoY

Mean Commute

24.70-1.2% YoY

Done with Detroit? Put it next to another market.