Downtown, Detroit, MI—48226
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$307,000
4.9% YoY Growth
Household Income
$69,800
22.3% YoY Growth
Days on Market
58
46.0% Shorter YoY
Home Price Forecast
-0.1%
Median Rent
$2,200
4.4% YoY Growth
1-Bed Rent
$1,950
3.8% YoY Growth
2-Bed Rent
$2,850
12.7% YoY Growth
3-Bed Rent
N/A
N/A
Home Price Trends — Downtown, Detroit, MI
As of May '26, the median home price in Downtown, Detroit, MI is $307,000, with a year-over-year change of -4.9%. This indicates that home prices in Downtown, 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 | $307,000 | -4.9% |
| Single Family | N/A | N/A |
| Condos | $303,000 | -6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |