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Home Values
- - Zillow Home Value Index
  - List price ($)
  - Sale price ($)
  - Rent list price ($)
  - Zillow Rent Index
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    - Value per sq. ft. ($)
    - List price / sq. ft. ($)
    - Sale price / sq. ft. ($)
    - Rent estimate / sq. ft. ($)
    - Rent list / sq. ft. ($)
    - Sale-to-list price ratio
    - Listings w/ price cut (%)
    - Amount of price cut (%)
    - Sold for loss (%)
    - Sold for gain (%)
    - Homes foreclosed
    - Foreclosure re-sales (%)
    - Increasing values (%)
    - Decreasing values (%)
    - Sold in past year (%)
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Detroit Home Prices and Home Values

Zillow Home Value Index
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Zillow Home Value Index
Mid-point of Zestimate valuations for Detroit. Half the Zestimates are above this number and half are below it.
Median list price ($)
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Median list price ($)
Mid-point of the list price for homes listed on Zillow in Detroit, or the asking price.
Median sale price ($)
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Median sale price ($)
Mid-point of the price homes have sold for in Detroit. Half the homes sold above this number and half sold below.
Zillow Rent Index
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Zillow Rent Index
Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Detroit. Half the Rent Zestimates are above this number and half are below it.
Median rent list price ($)
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Median rent list price ($)
Mid-point of the rental price for homes listed for rent on Zillow in the Detroit. Half the homes have rent prices above this number and half are below.
Total homes sold
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Total homes sold
Total number of homes sold in Detroit during the prior 30 days.
Median value per sq. ft. ($)
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Median value per sq. ft. ($)
Mid-point of the value of all homes in Detroit, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
Median list price / sq. ft. ($)
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Median list price / sq. ft. ($)
Mid-point of Detroits list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
Median sale price / sq. ft. ($)
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Median sale price / sq. ft. ($)
Mid-point of Detroits sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
Rent estimate / sq. ft. ($)
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Rent estimate / sq. ft. ($)
Mid-point of the estimated monthly rent price of all homes in Detroit, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
Median rent list price / sq. ft. ($)
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Median rent list price / sq. ft. ($)
Mid-point of Detroits rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
Median sale-to-list price ratio
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Median sale-to-list price ratio
Mid-point of the ratio between the sale price and the list price for all homes in Detroit (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
Listings with price cut (%)
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Listings with price cut (%)
The percentage of current listings on Zillow in Detroit whose price has been reduced in the last 30 days.
Median price cut (%)
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Median price cut (%)
Mid-point of the percentage of price reduction for homes in Detroit whose prices have been reduced in the past full month.
Sold for loss (%)
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Sold for loss (%)
The percentage of homes in Detroit that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
Sold for gain (%)
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Sold for gain (%)
The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
Homes foreclosed
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Homes foreclosed
The number of homes in the Detroit per 10,000 that were foreclosed in a given month. A foreclosure is when a homeowner loses their home to their lending institution or it is sold to a third party at an auction.
Foreclosure re-sales (%)
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Foreclosure re-sales (%)
The percentage of home sales in a given month in Detroit where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
Increasing values (%)
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Increasing values (%)
The percentage of homes in Detroit whose values have increased in the past year.
Decreasing values (%)
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Decreasing values (%)
The percentage of all homes in Detroit whose value has fallen in the last year.
Sold in past year (%)
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Sold in past year (%)
The percentage of all homes in Detroit that were sold in the past 12 months.

$30,000
6.0%Y-o-Y

Calculated 04/23/2013^*
^*Includes data and transactions through 03/31/2013

RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Mar 2013
17762	Detroit	4.5%	4.5%	6.0%	30000
269948	Alden Park
269950	Art Center
272832	Aviation Sub.	0.6%	-7.6%	-9.2%	32600
272839	Bagley
269952	Barton-McFarland
276209	Belmont
269954	Berg-Lasher
269956	Blackstone Park
269958	Boynton
269960	Briggs
269961	Brightmoor
276225	Brush Park
269964	Carbon Works
269965	Castle Rouge	3.5%	6.6%	14.5%	32300
273209	Chaldean Town
269966	Chandler Park
269969	Conant Gardens
273341	Conner Creek Ind
269971	Core City
269972	Corktown
269975	Detroit Golf
269977	Downtown
269978	East English Village	-0.3%	1.1%	-2.1%	37100
269985	Eight Mile Wyoming
269986	Eliza Howell
269987	Elmwood Park
269988	English Village
269989	Fishkorn	2.1%	6.7%	-5.9%	23800
269990	Fitzgerald
276333	Five Points
269991	Forest Park
269992	Franklin Park
269996	Gold Coast
269997	Grandale
343358	Grandmont No.1
269999	Grandmont-Rosedale	4.9%	14.8%	14.8%	38800
270000	Green Acres	2.4%	7.7%	20.6%	47500
270001	Greensbriar
270002	Grixdale
270005	Herman Gardens
270007	Hubbard-Richard
270008	Indian Village
274112	Islandview
270009	Jefferies
270010	Jefferson Chalmers
270012	Joseph Barry Subdivision
270014	Kranz Woods
270016	LaSalle College Park
270017	LaSalle Gardens
270015	Lafayette Park
270020	Marina District
270021	Martin Park
270022	McDougall-Hunt
270023	Medical Center
270026	Michigan-Martin
270028	Midtown
270029	Millenium Village
270031	Milwaukee Junction
270032	Minock Park
270033	Mohican Regent
270034	Morningside
270039	NW Goldberg
270036	New Center
270037	North Rosedale Park
270043	Oakwood Heights
270044	Old Redford
270047	Palmer Woods
274958	Park
270050	Petosky-Otsego
270051	Poletown East
275108	Pulaski
270052	Ravendale
270053	Regent Park
275194	Riverdale	0.7%	-0.4%	-2.9%	27000
270055	Rivertown
270056	Rosedale Park
270057	Russell Woods
270058	Sherwood Forest
270064	Southwest Detroit
270065	Springwells
270066	State Fair Grounds
270069	The Eye
270070	University District
270071	Van Steuban	4.2%	-3.2%	-7.7%	27600
275889	Virginia Park
270073	Warrendale
270074	Wayne State
270075	Weatherby
270079	West Side Industrial
270080	West Village
270083	Westwood Park
270084	Woodbridge

Zillow Home Value Index		Y-o-Y
Detroit	$30,000	6.0%
Hamtramck	$32,600	24.0%
Hazel Park	$38,800	1.6%
Ferndale	$82,200	17.9%
Pleasant Ridge	$212,200	16.4%
Oak Park	$62,400	8.7%

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Detroit Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Zillow Rent Index

Median rent list price ($)

Total homes sold

Median value per sq. ft. ($)

Median list price / sq. ft. ($)

Median sale price / sq. ft. ($)

Rent estimate / sq. ft. ($)

Median rent list price / sq. ft. ($)

Median sale-to-list price ratio

Listings with price cut (%)

Median price cut (%)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

This data is not available for Detroit.

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