Detroit housing market: median home price and forecast
Detroit home prices: in September 2026, the Zillow Home Value Index valued the typical home in Detroit, Michigan at $74,742, −5.9% compared with a year earlier and −16.3% under the September 2006 peak of $89,339.
- Typical value for a home
- $74,742September 2026, Zillow ZHVI
- Change over 12 months
- −5.9%. Measured from September 2025 onward.
Detroit home prices since 2000
Detroit is shown by the steel line, and the United States by the grey line. Since January 2000, the typical Detroit home rose from $50,828 to $74,742, a change of ×1.47. Over those same months, the US recorded ×2.99. The boom peak was $89,339 in September 2006, while the low was $19,362 in May 2012, −78.3% from the peak.
Detroit median home price for each year
The yearly figure averages the twelve monthly values; for 2026, the latest month is shown.
| Year | Detroit | Change on the year | United States |
|---|---|---|---|
| 2000 | $55,768 | $125,745 | |
| 2001 | $65,587 | +17.6% | $134,899 |
| 2002 | $69,346 | +5.7% | $144,276 |
| 2003 | $74,543 | +7.5% | $155,308 |
| 2004 | $80,029 | +7.4% | $169,891 |
| 2005 | $84,181 | +5.2% | $189,732 |
| 2006 | $88,496 | +5.1% | $206,531 |
| 2007 | $87,353 | −1.3% | $208,449 |
| 2008 | $68,929 | −21.1% | $195,574 |
| 2009 | $35,953 | −47.8% | $177,542 |
| 2010 | $25,512 | −29.0% | $171,462 |
| 2011 | $21,785 | −14.6% | $162,508 |
| 2012 | $19,813 | −9.1% | $161,137 |
| 2013 | $21,879 | +10.4% | $171,420 |
| 2014 | $25,060 | +14.5% | $182,996 |
| 2015 | $28,767 | +14.8% | $192,738 |
| 2016 | $32,985 | +14.7% | $204,509 |
| 2017 | $35,158 | +6.6% | $216,767 |
| 2018 | $41,709 | +18.6% | $230,541 |
| 2019 | $49,292 | +18.2% | $242,088 |
| 2020 | $53,977 | +9.5% | $257,151 |
| 2021 | $69,908 | +29.5% | $295,959 |
| 2022 | $79,247 | +13.4% | $340,014 |
| 2023 | $74,243 | −6.3% | $348,160 |
| 2024 | $78,003 | +5.1% | $359,751 |
| 2025 | $78,641 | +0.8% | $362,959 |
| September 2026 | $74,742 | −5.9% | $366,157 |
Current value of a Detroit home bought in any year
An estimate based on an index for a typical home, not an appraisal.
Each year's figure averages its twelve monthly index values; September 2026 gives the current value. Other options: the home appreciation calculator.
Are you thinking of selling? Compare local agents at Realtor.com. Advertising disclosure: links like this one may pay the site, but they never change a number. Disclosure.
Detroit housing market forecast
In the Detroit, MI metro, Zillow's forecast points to +1.8% across the 12 months beginning September 2026, and +0.9% for the next three months. That would put the value near $76,100 a year on, starting from Detroit's typical $74,742.
Zillow's central estimate for the metro is what appears here; the site does not publish a forecast of its own. A forecast of this kind over 12 months has typically come in several percentage points away from the realised change, in both directions. Investment advice is not provided here.
One table holds every metro forecast: housing market forecast.
Detroit housing market crash risk score
Moderate: 32 of 100
Against 292 cities, the score ranks Detroit on five conditions that were high before past price falls. Every input is scored from 0 to 100 compared with the other cities, and the five scores receive equal weight when averaged. It shows conditions as they are today, and it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −23.9% | 17 | 20% |
| How long homes take to sell vs 2019 | 0% | 41 | 20% |
| Price-to-rent ratio | 4.7 | 0 | 20% |
| Price-to-income ratio | 1.9 | 0 | 20% |
| 12-month price change | −5.9% | 100 | 20% |
No investment advice is provided here. How inputs are scored: scoring method. Rankings for all 292 cities: crash risk by city.
Detroit inventory and days on market
In September 2026 the Detroit, MI metro listed 12,050 homes for sale, +13.0% compared with a year earlier and −23.9% compared with the same month in 2019. The median time a listing needed to sell was 43 days (0% against 2019), and price cuts came on 21.5% of listings.
| Detroit, MI metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 12,050 | +13.0% |
| New listings | 5,436 | |
| Median days on market | 43 | +7.6% |
| Median list price | $274,950 | 0% |
| Share with a price cut | 21.5% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. For every metro: days on market by city.
Detroit living costs
According to the Zillow Observed Rent Index, asking rent in Detroit typically stands at $1,328 a month, +5.1% on a year. The cost of the typical home equals 4.7 years of that rent. Median household income stands at $39,209 (Census ACS 2024), which puts the typical home at 1.9 times a year's income. According to BEA, metro prices sit at 100.3 compared with a US average of 100, while housing costs are 94.7.
Rent and prices, plus the salary you need to move there: Detroit cost of living.
Other housing markets in Michigan
- Grand Rapids $303,937
- Ann Arbor at $517,346.
- $166,379 for Lansing.
- Kalamazoo at $238,251.
- Traverse City $444,107
For the whole state: Michigan housing market.
How to read this chart
Every point shows the Zillow Home Value Index for Detroit, which values a typical home in the market's middle third after smoothing and seasonal adjustment, in dollars for that month. The hollow dot shows the month selected on the slider, while the terracotta dot shows the latest month. These numbers do not adjust for inflation, and the index tracks the typical home rather than one specific house. To find what a single home is worth, use the card located above it or the home appreciation calculator with that home's sale price.