Home Values

Southwest Detroit Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$39,500

  • -10.8% 1-year change
  • -3.8% 1-year forecast

The median home value in Southwest Detroit is $39,500. Southwest Detroit home values have declined -10.8% over the past year and Zillow predicts they will fall -3.8% within the next year. The median list price per square foot in Southwest Detroit is $32, which is higher than the Detroit average of $16. The median price of homes currently listed in Southwest Detroit is $28,000 while the median price of homes that sold is $90,385. The median rent price in Southwest Detroit is $750, which is higher than the Detroit median of $700.

Relative ZHVI
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Southwest Detroit Market Overview

Data through Feb 28, 2015
  • $39,500 ZHVI
  • -3.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $28,000 Median listing price
  • No recent data Median sale price
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Southwest Detroit Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Neighborhoods

Name Median ZHVI
Woodbridge $72,700
Hubbard-Richard $67,700
LaSalle Gardens $62,600
Name Median ZHVI
Millenium Village $56,500
Virginia Park $47,600
NW Goldberg $47,500
Name Median ZHVI
Carbon Works $46,400
Petosky-Otsego $44,500
Springwells $35,100

Listings & Sales

Data through Feb 28, 2015
  • $32 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 9.4% Listings with price cut
16.7%
Sold below listing
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Southwest Detroit Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $758 Southwest Detroit
    $753 Detroit
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $750 Rent list price
  • $0.94 Rent list price / sq ft
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