Midtown, Detroit, MI—48201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midtown, Detroit, MI
As of Oct '25, the median home price in Midtown, Detroit, MI is $419,000, with a year-over-year change of -2.1%. This indicates that home prices in Midtown, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $419,000 | -2.1% |
| Single Family | $481,000 | -0.4% |
| Condos | $394,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $293,000 | -1.0% |
2 Bed | $475,000 | 0.2% |
3 Bed | $555,000 | -2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midtown, Detroit, MI
As of July '25, Rentcast reports the average rent in Midtown, Detroit, MI is $1,850, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in Midtown, Detroit, MI is studios: $1,200, 1-bedrooms: $1,490, 2-bedrooms: $2,470, 3-bedrooms: $2,950. The most common rental property sizes in Midtown, Detroit, MI are 1-bedroom and 2-bedroom, accounting for 46.3% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,850 |
| Studio Rent | $1,000 | $1,200 |
| 1 Bed Rent | $1,450 | $1,490 |
| 2 Bed Rent | $2,500 | $2,470 |
| 3 Bed Rent | $1,800 | $2,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Midtown, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Midtown, Detroit, MI is 75. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | 0.0% |
Listing Count | 53 | -17.0% |
| Listings as % of Homes | 0.4% | -17.0% |
Days on Market | 75 | 3.0% |
Demographics — Midtown, Detroit, MI
As of the latest ACS Survey released in 2023, Midtown, Detroit, MI has a population of 14,300, which has decreased by -10.2% over the past 5 years. Midtown, Detroit, MI is a less popular place for families, as children make up 14.4% of the population. The area has a moderately educated workforce, with 37.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | -10.2% |
% Under 18 | 14.4% | -16.3% |
% Seniors | 16.8% | 33.3% |
% WFH | 14.6% | 160.7% |
% w/ College Degree | 37.3% | 21.9% |
As of the latest ACS Survey released in 2023, Midtown, Detroit, MI is a predominantly black area, with 61.3% of the population identifying as black. The black population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Midtown, Detroit, MI is white, making up 25.3% of the population. Foreign-born residents account for 8.9% of the population in Midtown, Detroit, MI, and this percentage has decreased by 20.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.3% | 4.5% |
% Black | 61.3% | 1.0% |
% Hispanic | 3.6% | 71.4% |
% Asian | 6.7% | -29.5% |
% Foreign Born | 8.9% | -20.5% |
Mortgage and Risk — Midtown, Detroit, MI
According to HUD data as of 2023, there were 73 mortgage originations in Midtown, Detroit, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Midtown, Detroit, MI. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Midtown, Detroit, MI
Midtown, Detroit, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3,252 |
Total Units Section 8 | 2,249 |
% Rentals under Section 8 | 32.2% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$520 | $1,450 | $930 |
| 2 Bedroom | -$1,320 | $2,500 | $1,180 |
| 3 Bedroom | -$350 | $1,800 | $1,450 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Midtown, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 17.9 |
| Median Home Price | $419,000 |
| Median Household Income | $24,400 |