Detroit Shoreway Home Prices & Values

$61,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 14.4% 1-year change
  • 3.1% 1-year forecast

The median home value in Detroit Shoreway is $61,200. Detroit Shoreway home values have gone up 14.4% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in Detroit Shoreway is $114, which is higher than the Cleveland average of $49. The median price of homes currently listed in Detroit Shoreway is $185,900 while the median price of homes that sold is $130,000. The median rent price in Detroit Shoreway is $800, which is higher than the Cleveland median of $650.

Foreclosures will be a factor impacting home values in the next several years. In Detroit Shoreway 3.9 homes are foreclosed (per 10,000). This is lower than the Cleveland value of 7.7 and also lower than the national value of 4.4

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Relative ZHVI
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Detroit Shoreway Market Overview

Data through Jul 31, 2014
  • $61,200 ZHVI
  • 3.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $185,900 Median listing price
  • No recent data Median sale price
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Detroit Shoreway Market Health

Data through Jul 31, 2014
  • 7.4/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

3.9 homes(May 31, 2014) Detroit Shoreway
7.7 homes Cleveland
4.4 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Edgewater $101,800 Downtown Cleveland $89,800 Central $83,000
Ohio City - West Side $67,600 Tremont $67,200 Old Brooklyn $66,800
Jefferson $60,200 West Boulevard $53,700 Cudell $48,400

Listings & Sales

Data through Jul 31, 2014
  • $114 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 26.0% Listings with price cut
11.8%
Sold below listing
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Detroit Shoreway Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$860 Detroit Shoreway
$883 Cleveland
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $800 Rent list price
  • $0.76 Rent list price / sq ft
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