Regent Park, Detroit, MI—48205
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Regent Park, Detroit, MI
As of Oct '25, the median home price in Regent Park, Detroit, MI is $55,000, with a year-over-year change of -2.5%. This indicates that home prices in Regent Park, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $55,000 | -2.5% |
| Single Family | $56,000 | -3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $47,000 | -4.1% |
3 Bed | $59,000 | -6.3% |
4 Bed | $66,000 | -5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Regent Park, Detroit, MI
As of July '25, Rentcast reports the average rent in Regent Park, Detroit, MI is $1,240, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Regent Park, Detroit, MI is 1-bedrooms: $788, 2-bedrooms: $1,060, 3-bedrooms: $1,260, 4-bedrooms: $1,460. The most common rental property sizes in Regent Park, Detroit, MI are 3-bedroom and 2-bedroom, accounting for 63.1% and 17.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $788 |
| 2 Bed Rent | $1,050 | $1,060 |
| 3 Bed Rent | $1,300 | $1,260 |
| 4 Bed Rent | $1,480 | $1,460 |
% of Rental Stock
Property Listings — Regent Park, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Regent Park, Detroit, MI is 56. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $75,000 | 7.0% |
Listing Count | 279 | 4.0% |
| Listings as % of Homes | 0.8% | 4.0% |
Days on Market | 56 | 1.0% |
Demographics — Regent Park, Detroit, MI
As of the latest ACS Survey released in 2023, Regent Park, Detroit, MI has a population of 32,500, which has decreased by -4.4% over the past 5 years. Regent Park, Detroit, MI is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 8.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,500 | -4.4% |
% Under 18 | 24.9% | -3.9% |
% Seniors | 9.7% | 19.8% |
% WFH | 3.0% | 87.5% |
% w/ College Degree | 8.7% | 97.7% |
As of the latest ACS Survey released in 2023, Regent Park, Detroit, MI is a predominantly black area, with 93.3% of the population identifying as black. The black population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Regent Park, Detroit, MI is white, making up 3.2% of the population. Foreign-born residents account for 1.4% of the population in Regent Park, Detroit, MI, and this percentage has increased by 180.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 3.2% | -11.1% |
% Black | 93.3% | -0.4% |
% Hispanic | 0.9% | 350.0% |
% Asian | 0.9% | 12.5% |
% Foreign Born | 1.4% | 180.0% |
Mortgage and Risk — Regent Park, Detroit, MI
According to HUD data as of 2023, there were 156 mortgage originations in Regent Park, Detroit, MI, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Regent Park, Detroit, MI. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 156 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Regent Park, Detroit, MI
As of 2024, the percent of homes in Regent Park, Detroit, MI under the Section 8 program is 9.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Regent Park, Detroit, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 755 |
Total Units Section 8 | 753 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $750 | $990 |
| 2 Bedroom | $200 | $1,050 | $1,250 |
| 3 Bedroom | $230 | $1,300 | $1,530 |
| 4 Bedroom | $180 | $1,480 | $1,660 |
Affordability — Regent Park, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $55,000 |
| Median Household Income | $40,600 |