Housing in Detroit, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$93,000
Median List Price
$109,950
Price Per Sq Ft
$70
Days on Market
69
Active Inventory
2,698
Months of Supply
6.6
Buyer's market
Zillow Home Value
$74,571
ZHVI — January 2026
Zillow Rent Index
$1,301
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
22.7%
Off Market in 2 Weeks
16.6%
Sale-to-List Ratio
95.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
406
New Listings
732
Pending Sales
596
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$70
Median List $/SF
$84
Detroit vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 500,000 - 1,000,000 residents. Detroit is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$76,800
Median Rent
$1,034
Total Housing Units
326,065
Vacancy Rate
22.3%
Owner Occupied
49.7%
Renter Occupied
50.3%
Median Property Tax
$1,382
per year
Monthly Cost (w/ Mortgage)
$658
Housing Types
The current median sale price in Detroit, MI is $93,000 according to Redfin data. Homes spend a median of 69 days on the market. 22.7% of homes sold above asking price. The market has 6.6 months of supply. The median price per square foot is $70. Zillow's observed rent index is $1,301/month. About 49.7% of housing units are owner-occupied. The median year homes were built is 1947. There are 326,065 total housing units.