Detroit, MI 48232 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Detroit, MI — 48232
Median Listing Price
$389K
Population
--
Households
700,591
Median Days on Market
74
Active Listings
1
New Listings
0
Housing Market
Pricing
Median Listing Price
$389K
-- YoY
Average Listing Price
$389K
-- YoY
Price per Sq Ft
$117
-- YoY
Median Sq Ft
3,322
-- YoY
Inventory
Active Listings
1
-- YoY
New Listings
0
-- YoY
Total Listings
1
-- YoY
Buyer Competition
Pending Listings
--
-- YoY
Pending Ratio
--
-- YoY
Median Days on Market
74
-- YoY
Price Reduced
0.0%
-- YoY
Units & Occupancy
2024 Occupancy
801K
units
Occupied
700,591
87.5%
Vacant
100,492
12.5%
2024 Tenure
701K
occupied
Owner
453,652
64.8%
Renter
246,939
35.2%
Renter Share
35.2%
-0.8% YoY
Total Housing Units
801,083
+0.6% YoY
FY2026 Fair Market Rent — Wayne County
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
37.9
2024
Population
Wayne County Population
1,771,063
+0.5% YoY
Households
Total Households
700,591
+1.0% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.50
-1.2% YoY
Age
2024 Age Mix
1.8M
residents
Under 18
418,687
23.6%
Adults 18–64
1,060,049
59.8%
65 & Over
293,523
16.6%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
89.9%
Moved (within US)
9.4%
Other
0.7%
Veterans
4.8%
-5.9% YoY
County Economy
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
of workers
Drove alone
71.9%
Public transit
1.8%
Worked from home
14.1%
Other
12.2%
Worked From Home
14.1%
+13.7% YoY
Mean Commute
24.70
-1.2% YoY
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