5745 Farmbrook St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +3.7/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$34,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Calling all investors and first-time home buyers! This charming ranch in Detroit’s desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don’t miss this solid investment in a prime Eastside location!
Key facts
- Near eastside tennis
- Near esh ice arena
- Near balduck park
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $35k.
Deal economics
- At list price, monthly cash flow is $696 ($8k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $35k).
- Recommended offer: $31k (12.0% below list) — sets the bar for market timing.
- Cap rate 30.2% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
- Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 33% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $241 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 0.7% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.
Negotiation context
- It's been on market 156 days — a 12% lower offer ($31k) is reasonable based on typical stale-listing flexibility.
- 14 sale attempts since 21y ago; this cycle's ask has dropped $15k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 3.0% of price; built in 1941 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 156 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 3.56% ✓
- Cap rate
- 30.23%
- Cash-on-cash
- 85.48%
- DSCR
- 4.80
- GRM
- 2.3
CMA / ARV
- ARV (median comp)
- $55,365
- List price
- $34,900
- Delta
- -36.96%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 5290 University Pl | 0.25mi | 2/1.0 | 721 (-4%) | 5mo | $60,000 | $83 | 77 |
| 5298 Neff Ave | 0.35mi | 2/1.0 | 720 (-4%) | 2mo | $46,000 | $64 | 75 |
| 5251 Neff Ave | 0.39mi | 2/1.0 | 720 (-4%) | 2mo | $46,000 | $64 | 73 |
| 5745 Marseilles St | 0.10mi | 2/1.0 | 835 (+11%) | 10mo | $46,000 | $55 | 69 |
| 5558 Radnor St | 0.14mi | 2/1.0 | 660 (-12%) | 6mo | $18,000 | $27 | 68 |
| 4607 Radnor St | 0.58mi | 2/1.0 | 731 (-3%) | 2mo | $50,000 | $68 | 67 |
| 6183 Woodhall St | 0.47mi | 3/1.0 (+1) | 720 (-4%) | 1mo | $32,000 | $44 | 65 |
| 5243 Neff Ave | 0.40mi | 2/1.0 | 816 (+8%) | 6mo | $85,000 | $104 | 62 |
| 5007 Ashley St | 0.49mi | 2/1.0 | 817 (+9%) | 2mo | $30,000 | $37 | 61 |
| 5203 Marseilles St | 0.31mi | 3/1.0 (+1) | 816 (+8%) | 7mo | $77,500 | $95 | 61 |
| 5955 Guilford St | 0.45mi | 3/1.0 (+1) | 802 (+7%) | 6mo | $43,000 | $54 | 58 |
| 4481 Radnor St | 0.70mi | 2/1.0 | 792 (+5%) | 5mo | $32,000 | $40 | 54 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.73% rent growth · sell at horizon
- IRR
- 83.3%
- Equity multiple
- 4.68×
- Total profit
- $35,955
- Equity at exit
- $5,204
- IRR
- 86.0%
- Equity multiple
- 8.95×
- Total profit
- $77,717
- Equity at exit
- $3,018
Cash invested: $9,772 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48224
- Rents YoY
- 0.7%
- Active inventory
- 484
- Price-to-rent
- 2.3×
Monthly cashflow live
- Estimated rent
- $1,241 high interval (Pro) →
- Mortgage (P&I)
- −$183
- Tax from tax record
- −$86 /mo · $1,038/yr
- Insurance
- −$15
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$261
- Net cashflow
- $696
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $8,725
- Closing costs
- $1,047
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5915 Farmbrook St Detroit, MI | 3.0 | 1.5 | 1000 | $1,250 | $1.25 | 24d | 1 | 0.13mi |
| 5786 Neff Ave Detroit, MI | 3.0 | 1.5 | 1100 | $1,225 | $1.11 | 16d | 1 | 0.30mi |
| 6175 Marseilles St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 43d | 1 | 0.33mi |
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 12d | 1 | 0.37mi |
| 6181 Neff Ave Detroit, MI | 3.0 | 1.0 | 1102 | $1,299 | $1.18 | 17d | 1 | 0.45mi |
| 17720 Chester St Detroit, MI | 2.0 | 1.0 | 986 | $1,250 | $1.27 | 43d | 1 | 0.47mi |
| 5955 Guilford St Detroit, MI | 3.0 | 1.0 | 802 | $1,400 | $1.75 | 17d | 1 | 0.47mi |
| 17710 Chester St Detroit, MI | 2.0 | 1.0 | 984 | $1,250 | $1.27 | 43d | 1 | 0.47mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 2d | 1 | 0.49mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 17d | 1 | 0.49mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 17d | 1 | 0.50mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 2d | 1 | 0.50mi |
| 6325 Neff Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 2d | 1 | 0.50mi |
| 6304 Bluehill St Detroit, MI | 3.0 | 1.0 | 1088 | $1,500 | $1.38 | 43d | 1 | 0.59mi |
| 21401 Kingsville St Harper Woods, MI | 2.0 | 1.0 | 944 | $1,200 | $1.27 | 24d | 1 | 0.60mi |
| 21301 Kingsville St Apt 108 Harper Woods, MI | 1.0 | 1.0 | 700 | $900 | $1.29 | 3d | 1 | 0.64mi |
| 16927 Chandler Park Dr Unit 3_ Detroit, MI | 1.0 | 1.0 | 600 | $900 | $1.50 | 15d | 1 | 0.68mi |
| 19203 Edgefield St Harper Woods, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 24d | 1 | 0.71mi |
| 4865 Cadieux Rd Unit 11 Detroit, MI | 2.0 | 1.0 | 630 | $1,200 | $1.90 | 43d | 1 | 0.76mi |
| 4837 Cadieux Rd Unit 9 Detroit, MI | 2.0 | 1.0 | 650 | $1,200 | $1.85 | 43d | 1 | 0.77mi |
| 17137 Ontario St Unit 1 Detroit, MI | 2.0 | 1.0 | 982 | $1,123 | $1.14 | 24d | 1 | 0.77mi |
| 10542 Lanark St Detroit, MI | 3.0 | 1.0 | 1023 | $1,250 | $1.22 | 43d | 1 | 0.78mi |
| 4811 Cadieux Rd Unit 11 Detroit, MI | 2.0 | 1.0 | 663 | $1,200 | $1.81 | 21d | 1 | 0.78mi |
| 4811 Cadieux Rd Unit 2 Detroit, MI | 1.0 | 1.0 | 600 | $950 | $1.58 | 43d | 1 | 0.78mi |
| 4811 Cadieux Rd Unit 10 Detroit, MI | 2.0 | 1.0 | 663 | $1,200 | $1.81 | 43d | 1 | 0.78mi |
| 5783 Yorkshire Rd Detroit, MI | 2.0 | 1.0 | 1040 | $1,200 | $1.15 | 43d | 1 | 0.85mi |
| 16530 E Warren Ave Unit 209 Detroit, MI | 1.0 | 1.0 | 850 | $1,292 | $1.52 | 43d | 1 | 1.00mi |
| 10370 Britain St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 43d | 1 | 1.02mi |
| 10692 Meuse St Detroit, MI | 3.0 | 1.0 | 955 | $1,250 | $1.31 | 12d | 1 | 1.03mi |
| 10985 Peerless St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 5d | 1 | 1.04mi |
| 10037 Grayton St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 3d | 1 | 1.04mi |
| 10400 Britain St Detroit, MI | 3.0 | 1.0 | 890 | $1,100 | $1.24 | 43d | 1 | 1.05mi |
| 10177 Boleyn St Detroit, MI | 3.0 | 1.0 | 767 | $1,250 | $1.63 | 43d | 1 | 1.06mi |
| 9140 Whittier Ave Unit 1 Detroit, MI | 1.0 | 1.0 | 550 | $700 | $1.27 | 43d | 1 | 1.08mi |
| 19982 McCormick St Detroit, MI | 3.0 | 1.0 | 866 | $1,200 | $1.39 | 3d | 1 | 1.17mi |
| 890 Neff Rd Grosse Pointe, MI | 2.0 | 1.0 | 1100 | $2,000 | $1.82 | 24d | 1 | 1.22mi |
| 17161 Denver St Detroit, MI | 1.0 | 1.0 | 700 | $800 | $1.14 | 12d | 1 | 1.23mi |
| 17161 Denver St Apt 10 Detroit, MI | 1.0 | 1.0 | 700 | $800 | $1.14 | 10d | 1 | 1.23mi |
| 5028 Bedford St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 5d | 1 | 1.26mi |
| 5284 Devonshire Rd Detroit, MI | 2.0 | 1.0 | 650 | $1,050 | $1.62 | 24d | 1 | 1.27mi |
Listing history 50 events
-
2026-06-17days on market $34,900 Active 156 DOM
-
2026-06-15days on market $34,900 Active 154 DOM
-
2026-06-13days on market $34,900 Active 152 DOM
-
2026-06-13days on market $34,900 Active 151 DOM
-
2026-06-09days on market $34,900 Active 148 DOM
-
2026-06-08days on market $34,900 Active 147 DOM
-
2026-06-07days on market $34,900 Active 146 DOM
-
2026-06-04days on market $34,900 Active 143 DOM
-
2026-06-03days on market $34,900 Active 142 DOM
-
2026-06-01days on market $34,900 Active 140 DOM
-
2026-05-31days on market $34,900 Active 139 DOM
-
2026-05-05price $39,500 543-char remark
Show marketing remark (531 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit's desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don't miss this solid investment in a prime Eastside location!
-
2026-05-05price $39,500 531-char remark
Show marketing remark (531 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit's desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don't miss this solid investment in a prime Eastside location!
-
2026-04-06price $39,999 543-char remark
Show marketing remark (531 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit's desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don't miss this solid investment in a prime Eastside location!
-
2026-04-06price $39,999 531-char remark
Show marketing remark (531 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit's desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don't miss this solid investment in a prime Eastside location!
-
2026-01-18price $44,999 543-char remark
Show marketing remark (543 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit’s desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don’t miss this solid investment in a prime Eastside location!
-
2026-01-17price $44,999 531-char remark
Show marketing remark (531 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit's desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don't miss this solid investment in a prime Eastside location!
-
2026-01-12$49,999 Active 531-char remark
Show marketing remark (543 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit’s desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don’t miss this solid investment in a prime Eastside location!
-
2026-01-12$49,999 Active 543-char remark
Show marketing remark (543 chars)
Calling all investors and first-time home buyers! This charming ranch in Detroit’s desirable Cornerstone Village neighborhood is a great opportunity to add to a rental portfolio or create a personalized primary residence. Offering 2 bedrooms, 1 full bath, a basement, and a detached garage, this home has strong potential for value and income. Conveniently located near Balduck Park, Eastside Tennis, and ESH Ice Arena, with easy access to local amenities. Sold as-is. Don’t miss this solid investment in a prime Eastside location!
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2023-05-23historical
-
2023-05-23historical
-
2023-05-21status Active
-
2023-05-10historical Accepting Backup Offers
-
2023-04-17price $45,000
-
2023-04-03status Active
-
2023-03-14historical
-
2023-02-15price $48,000
-
2023-01-30status Active
-
2023-01-18status Pending
-
2023-01-14price $50,000
-
2023-01-07price $55,000
-
2022-12-12$60,000 Active
-
2022-12-12$45,000
-
2022-11-20historical
-
2022-11-20historical
-
2022-11-16status Active
-
2022-06-15price $57,000
-
2022-06-15status Pending
-
2022-06-15price $60,000
-
2022-06-14price $60,000
-
2022-06-09price $61,800
-
2022-06-03price $63,900
-
2022-05-21price $64,900
-
2022-05-14price $69,900
-
2022-05-06$70,000 Active
-
2022-05-06$60,000
-
2012-04-10historical
-
2011-12-15historical
-
2011-12-14historical
-
2011-11-14$15,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MI · Partial reset (capped growth)
- Current annual tax
- $1,038 · $86/mo
- Projected year-2 tax
- $1,038 · $86/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $14,889
- − Mortgage interest
- −$1,955
- − Property taxes
- −$1,038
- − Insurance
- −$174
- − Repairs & maintenance
- −$1,191
- − Management
- −$1,191
- − Depreciation
- −$1,015
- Taxable income
- $8,324
- Est. tax owed @ 24.0%
- −$1,998
- After-tax cash flow
- $6,356/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Detroit Public Schools Community District
- NCES district ID
- 2601103
- Math proficiency
- 10% ▼ -2.00%
- Reading proficiency
- 24% ▲ 6.00%
- Median HH income
- $25,815
- Composite
- 13.06/100
- National rank
- #9564
- State rank
- #499 of 540 in MI
Livability — Detroit
- Score
- 73/100
- State rank
- #218
- US rank
- #5427
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Detroit, MI
- County
- Wayne County · 1,562,939 people
- City population
- 572,865
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 39,668
- Household income
- $44,856
- Rent vs Own
- Severe rent burden
- 2515.0
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (88%)
- Race & ethnicity
- Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
- Common ancestry
- Iranian 1% Romanian 1% Lithuanian 1%
- Foreign-born
- 1%
- Languages at home
- 97% English-only · Spanish 2%
Political lean MEDSL · Wayne
- 2024 margin
- Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
- 2008→2024 swing
- -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
- All cycles
- 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -226.38%
- Current HPI
- 161.886
- Rent YoY
- ▲ 0.73%
- Metro
- Detroit-Warren-Dearborn, MI
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
|
||
| Automotive | 2 | $372B |
|
||
| Chemicals | 1 | $45B |
|
||
| Automotive Retail | 1 | $29B |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
||
| Automotive Technology | 1 | $20B |
|
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Price history
-39.2% since first listed44 events — show timeline
- 2026-05-05 Price Changed $39,500 MiRealSource-MiMLS
- 2026-05-05 Price Changed $39,500 REALCOMP
- 2026-04-06 Price Changed $39,999 MiRealSource-MiMLS
- 2026-04-06 Price Changed $39,999 REALCOMP
- 2026-01-18 Price Changed $44,999 MiRealSource-MiMLS
- 2026-01-17 Price Changed $44,999 REALCOMP
- 2026-01-12 Listed $49,999 REALCOMP
- 2026-01-12 Listed $49,999 MiRealSource-MiMLS
- 2023-05-23 Listing Removed — REALCOMP
- 2023-05-23 Listing Removed — MiRealSource-MiMLS
- 2023-05-21 Relisted — MiRealSource-MiMLS
- 2023-05-10 Contingent — MiRealSource-MiMLS
- 2023-04-17 Price Changed $45,000 MiRealSource-MiMLS
- 2023-04-03 Relisted — MiRealSource-MiMLS
- 2023-03-14 Listing Removed — MiRealSource-MiMLS
- 2023-02-15 Price Changed $48,000 MiRealSource-MiMLS
- 2023-01-30 Relisted — MiRealSource-MiMLS
- 2023-01-18 Pending — MiRealSource-MiMLS
- 2023-01-14 Price Changed $50,000 MiRealSource-MiMLS
- 2023-01-07 Price Changed $55,000 MiRealSource-MiMLS
- 2022-12-12 Listed $45,000 REALCOMP
- 2022-12-12 Listed $60,000 MiRealSource-MiMLS
- 2022-11-20 Listing Removed — REALCOMP
- 2022-11-20 Listing Removed — MiRealSource-MiMLS
- 2022-11-16 Relisted — MiRealSource-MiMLS
- 2022-06-15 Price Changed $57,000 MiRealSource-MiMLS
- 2022-06-15 Pending — MiRealSource-MiMLS
- 2022-06-15 Price Changed $60,000 MiRealSource-MiMLS
- 2022-06-14 Price Changed $60,000 MiRealSource-MiMLS
- 2022-06-09 Price Changed $61,800 MiRealSource-MiMLS
- 2022-06-03 Price Changed $63,900 MiRealSource-MiMLS
- 2022-05-21 Price Changed $64,900 MiRealSource-MiMLS
- 2022-05-14 Price Changed $69,900 MiRealSource-MiMLS
- 2022-05-06 Listed $60,000 REALCOMP
- 2022-05-06 Listed $70,000 MiRealSource-MiMLS
- 2012-04-10 Listing Removed — MiRealSource-MiMLS
- 2011-12-15 Listing Removed — MiRealSource-MiMLS
- 2011-12-14 Listing Removed — REALCOMP
- 2011-11-14 Listed $15,000 MiRealSource-MiMLS
- 2011-11-11 Listed $15,000 REALCOMP
- 2011-11-11 Listed $15,000 MiRealSource-MiMLS
- 2006-09-22 Sold (MLS) $39,000 REALCOMP
- 2005-12-09 Listed $35,200 REALCOMP
- 2000-06-09 Sold (Public Records) $65,000 Public Records
Property tax history
-3.2%/yrLatest (2025): $1,038 · -53.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…