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Updated about 1 hour ago,
#2 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
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Detroit's Renaissance: #1 in Appreciation in USA Over Last 10 Years!
#2 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
How high can housing prices in the City of Detroit go?
In case you missed it, Detroit' Mayor Duggan announced that the value of houses in the city increased 23% in 2024.
In the last 7 years, Detroit housing is up over 300%!
That's an average of 17% annually over that time.
The City of Detroit has not only outperformed every city in the Metro Detroit area, its outperformed every city in the USA from 2014-2024:
Let that sink in for a minute ... you'll probably need more time than that to process this!
Not only did Detroit beat every city in other popular Midwest states like Indiana, Missouri, Ohio, Wisconsin, etc...
Detroit beat every city in the super popular states of Arizona, California, Florida, and Texas - Detroit beat them ALL!
Now let's be real, yes housing values are up overall in the city, but they do vary by Neighborhood. So, it's still NOT a good idea to try to invest by zip codes - which are too big in our opinion/experience. Please stop asking us for "the best" zip codes to invest in.
Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some proprety mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?
- Drew Sygit
- [email protected]
- 248-209-6824
