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.

3.49%
-16.7%Y-o-Y

Calculated 05/15/2012^*
^*Includes data and transactions through 04/30/2012

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RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Apr 2012
17762	Detroit	-4.8%	-6.7%	-16.7%	3.49%
269948	Alden Park
269950	Art Center
272832	Aviation Sub.	-3.0%	1.6%	-9.7%	3.94%
272839	Bagley	-7.5%	-13.4%	-20.6%	5.32%
269952	Barton-McFarland	-3.7%	0.6%	-8.8%	3.54%
276209	Belmont	-13.5%	-15.1%	9.8%	4.52%
269954	Berg-Lasher	-9.4%	-9.4%	-14.7%	3.70%
269956	Blackstone Park	-4.5%	0.0%	-25.0%	2.66%
269958	Boynton	-6.1%	-2.1%	-6.1%	2.44%
269960	Briggs
269961	Brightmoor	-6.8%	-11.0%	-27.0%	1.71%
276225	Brush Park
269964	Carbon Works				2.11%
269965	Castle Rouge	-1.6%	-8.8%	-4.6%	7.71%
273209	Chaldean Town	-15.0%	13.3%	-26.1%	1.58%
269966	Chandler Park	-18.5%	-18.5%	-15.4%	2.58%
269969	Conant Gardens	-5.0%	5.6%	35.7%	3.52%
273341	Conner Creek Ind
269971	Core City
269972	Corktown
269975	Detroit Golf	-3.8%	-3.8%	-30.6%	3.81%
269977	Downtown
269978	East English Village	-8.4%	-12.1%	-33.1%	4.41%
269985	Eight Mile Wyoming	-7.1%	6.6%	10.2%	4.21%
269986	Eliza Howell	0.0%	0.0%	-37.5%	5.48%
269987	Elmwood Park	-6.8%	7.9%	86.4%	6.06%
269988	English Village
269989	Fishkorn	-1.9%	-8.6%	-26.4%	3.11%
269990	Fitzgerald	-4.3%	-11.1%	-17.8%	2.69%
276333	Five Points	-5.2%	-6.8%	-27.6%	5.06%
269991	Forest Park
269992	Franklin Park	-1.0%	0.5%	-18.6%	4.88%
269996	Gold Coast	-2.9%	3.0%	25.9%	8.27%
269997	Grandale	-9.5%	-8.8%	-23.5%	2.95%
343358	Grandmont No.1	-5.6%	0.0%	-8.9%	4.29%
269999	Grandmont-Rosedale	-4.7%	-7.5%	-9.4%	4.90%
270000	Green Acres	14.3%	0.0%	-25.0%	4.36%
270001	Greensbriar	-5.4%	-11.8%	-20.5%	6.53%
270002	Grixdale	0.0%	0.0%	-27.3%	2.43%
270005	Herman Gardens
270007	Hubbard-Richard	-4.5%	-12.5%	5.0%	2.33%
270008	Indian Village	0.0%	-9.1%	0.0%	2.96%
274112	Islandview	2.4%	13.2%	-34.8%	1.57%
270009	Jefferies
270010	Jefferson Chalmers	1.2%	1.2%	-3.4%	2.84%
270012	Joseph Barry Subdivision
270014	Kranz Woods	-7.7%	-11.1%	-37.7%	2.36%
270016	LaSalle College Park	-4.4%	-1.5%	-15.6%	3.95%
270017	LaSalle Gardens	0.0%	-9.1%	17.6%	3.34%
270015	Lafayette Park	0.0%	7.1%	0.0%	5.68%
270020	Marina District	43.4%	204%		16.52%
270021	Martin Park	-3.6%	-6.9%	5.9%	3.16%
270022	McDougall-Hunt	0%	0%		1.14%
270023	Medical Center
270026	Michigan-Martin
270028	Midtown	-3.3%	3.5%	55.3%	5.16%
270029	Millenium Village
270031	Milwaukee Junction
270032	Minock Park	-8%	-14.8%	-20.7%	3.93%
270033	Mohican Regent	-8.1%	-13.2%	-17.7%	7.67%
270034	Morningside	-6.6%	-10.7%	-19.1%	4.86%
270039	NW Goldberg	15.4%	50%	-3.2%	2.21%
270036	New Center	0%	4.8%	22.2%	6.69%
270037	North Rosedale Park	-4.3%	-5.3%	-5.3%	4.31%
270043	Oakwood Heights
270044	Old Redford	0%	6.7%	-23.8%	4.07%
270047	Palmer Woods	0%	-5.3%	-33.3%	4.16%
274958	Park	-6.9%	-23%	-40.5%	5.21%
270050	Petosky-Otsego	3.3%	-4%	-5.9%	1.90%
270051	Poletown East
275108	Pulaski	-6.6%	-10.1%	-24.9%	5.95%
270052	Ravendale	-8.1%	-10.5%	-33.3%	2.13%
270053	Regent Park	-8.8%	-14.1%	-28.4%	6.26%
275194	Riverdale	-5.4%	-13.1%	-19.7%	4.70%
270055	Rivertown	-8.7%	-8.7%	-32.3%	2.68%
270056	Rosedale Park	-8.9%	-12.8%	-17.2%	4.98%
270057	Russell Woods	0%	0%	8.9%	4.45%
270058	Sherwood Forest	-5%	0%	-29.6%	3.58%
270064	Southwest Detroit	-8.4%	-9%	-12.4%	3.27%
270065	Springwells	-1.1%	-6.5%	-19.9%	3.92%
270066	State Fair Grounds
270069	The Eye	-4.4%	-12.9%	-10%	7.16%
270070	University District	-4.5%	2.4%	-6.7%	4.41%
270071	Van Steuban	-4.3%	-6.9%	-10%	4.59%
275889	Virginia Park	0%	21.4%	54.5%	3.44%
270073	Warrendale	-5.8%	-5.8%	-22.4%	6.07%
270074	Wayne State
270075	Weatherby	-14.6%	-6.8%	-28.1%	4.57%
270079	West Side Industrial
270080	West Village
270083	Westwood Park	0%	-4%	-7.7%	4.07%
270084	Woodbridge	5.6%	18.8%	11.8%	2.48%