New Center, Detroit, MI—48202
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$181,000
15.3% YoY Growth
Household Income
$36,500
39.6% YoY Growth
Days on Market
59
8.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$1,450
2.5% YoY Growth
1-Bed Rent
$1,220
13.3% YoY Growth
2-Bed Rent
$1,500
12.7% YoY Growth
3-Bed Rent
$1,750
13.7% YoY Growth
Home Price Trends — New Center, Detroit, MI
As of May '26, the median home price in New Center, Detroit, MI is $181,000, with a year-over-year change of -15.3%. This indicates that home prices in New Center, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | -15.3% |
| Single Family | $168,000 | -17.2% |
| Condos | $204,000 | -8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |