Southwest Detroit Home Prices & Values

$42,200 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

  • 2.7% 1-year change
  • 1.5% 1-year forecast

The median home value in Southwest Detroit is $42,200. Southwest Detroit home values have gone up 2.7% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Southwest Detroit is $12, which is lower than the Detroit average of $13. The median price of homes currently listed in Southwest Detroit is $16,900 while the median price of homes that sold is $90,385. The median rent price in Southwest Detroit is $517, which is lower than the Detroit median of $750.

Relative ZHVI
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Southwest Detroit Market Overview

Data through Aug 31, 2014
  • $42,200 ZHVI
  • 1.5% 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

    (Aug 31, 2015)
  • $16,900 Median listing price
  • No recent data Median sale price
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Southwest Detroit Market Health

Data through Aug 31, 2014
  • 1.7/10 Less 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 days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
LaSalle Gardens $67,700 Woodbridge $64,100 Hubbard-Richard $55,000
Virginia Park $53,200 NW Goldberg $51,500 Millenium Village $50,300
Petosky-Otsego $46,600 Carbon Works $40,000 Springwells $36,500

Listings & Sales

Data through Aug 31, 2014
  • $12 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.3% Listings with price cut
16.7%
Sold below listing
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Southwest Detroit Rentals

Data through Aug 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
$745 Southwest Detroit
$748 Detroit
$1,328 United States
  • 0.9 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, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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