Detroit, MI Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Detroit, MI is showing healthy, moderate growth.
- •Steady price growth of 3.1% year-over-year — a balanced market.
- •Price-to-rent ratio: 14.7 — buying is likely more cost-effective than renting.
Median Home Value
$258,238
ZHVI
Year-over-Year
+3.1%
Price change
5-Year Change
+31.4%
Since 2021
Median Rent
$1,461/mo
ZORI
Active Listings
11,566
For sale
State Avg
$254,230
Michigan
Home Value Trends
5-year Zillow Home Value Index for Detroit, MI vs. state and national averages.
Rent Data
Median Rent
$1,461/mo
Rent YoY Change
+2.3%
Other Markets in Michigan
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.