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229 Leicester Ct
C Composite 58.06
Why this score? — see what drove the C 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
  • DSCR +10.0/10.0
  • 1% rule +9.4/10.0
  • Livability +3.7/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Rent growth +1.2/5.0
  • ARV discount +0.0/15.0
  • Appreciation +0.0/10.0

$139,900

229 Leicester Ct · Detroit, MI 48202
3 bd · 3.0 ba · 3,228 sqft · Townhouse public records · 362 Days on market
Built 1905 2,614 sqft lot $43/sqft · 39% below area Est $117k · 19% over ↓ 44% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

Key facts

  • Recent updates
  • Walk-in closet
  • Updated kitchen

Tags

WALKING DISTANCE TO SHOPSRECENT UPDATESUPDATED KITCHENWALK-IN CLOSET

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/3.0-bath townhouse listed at $140k.

Deal economics

  • At list price, monthly cash flow is $687 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $140k).
  • Recommended offer: $123k (12.0% below list) — sets the bar for market timing.

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 falling (-5.1%/yr); 257 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • At $2,013/mo this rent would consume 55% of the median local household income ($44k/yr) (locally 1258% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k 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 + 0.0% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 362 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $110k (44%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

  1. It's been on market 362 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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?
  7. 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.
  8. 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.
  9. 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
1.44%
Cap rate
12.18%
Cash-on-cash
21.03%
DSCR
1.94
GRM
5.8

CMA / ARV

ARV (median comp)
$117,118
List price
$139,900
Delta
19.45%
Verdict
OVERPRICED
Comps
20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold
IRR
10.2%
Equity multiple
1.39×
Total profit
$15,153
Equity at exit
$20,860
10-year hold
IRR
16.7%
Equity multiple
2.19×
Total profit
$46,672
Equity at exit
$12,096

Cash invested: $39,172 (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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

ZIP-level market 48202

Rents YoY
-5.1%
Active inventory
257
Price-to-rent
5.8×

Monthly cashflow live

Estimated rent
$2,013 medium interval (Pro) →
Mortgage (P&I)
$734
Tax from tax record
$112 /mo · $1,341/yr
Insurance
$58
HOA
$0
Vacancy / Maint / Mgmt
$423
Net cashflow
$687

Break-even live

Break-even rent $1,144
Max offer price $139,900
Occupancy floor 61%

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
$34,975
Closing costs
$4,197
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 5 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
634 Atkinson St Detroit, MI 3.0 3.5 3000 $6,500 $2.17 10d 1 0.40mi
1501 Taylor St #2 Detroit, MI 2.0 1.0 3734 $925 $0.25 43d 1 0.99mi
1418 W Euclid St Detroit, MI 3.0 1.0 2264 $1,200 $0.53 43d 1 1.02mi
1441 W Euclid St Detroit, MI 3.0 1.0 2380 $2,600 $1.09 24d 1 1.05mi
2080 Gladstone St #1 Detroit, MI 4.0 2.0 2426 $3,000 $1.24 1d 1 1.41mi

Listing history 29 events

  1. 2026-06-18
    days on market $139,900 Active 362 DOM
  2. 2026-06-17
    days on market $139,900 Active 361 DOM
  3. 2026-06-15
    days on market $139,900 Active 359 DOM
  4. 2026-06-13
    days on market $139,900 Active 357 DOM
  5. 2026-06-13
    days on market $139,900 Active 356 DOM
  6. 2026-06-09
    days on market $139,900 Active 353 DOM
  7. 2026-06-08
    days on market $139,900 Active 352 DOM
  8. 2026-06-07
    days on market $139,900 Active 351 DOM
  9. 2026-06-04
    days on market $139,900 Active 348 DOM
  10. 2026-06-03
    days on market $139,900 Active 347 DOM
  11. 2026-06-01
    days on market $139,900 Active 345 DOM
  12. 2026-05-31
    days on market $139,900 Active 344 DOM
  13. 2026-05-07
    price $139,900 835-char remark
    Show marketing remark (835 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  14. 2026-05-06
    price $139,900 837-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  15. 2026-02-20
    price $154,900 835-char remark
    Show marketing remark (835 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  16. 2026-02-19
    price $154,900 837-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  17. 2026-01-15
    price $169,900 835-char remark
    Show marketing remark (835 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  18. 2026-01-14
    price $169,900 837-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  19. 2025-11-25
    price $189,900 835-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  20. 2025-11-25
    price $189,900 837-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  21. 2025-10-10
    price $219,900 835-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  22. 2025-10-10
    price $219,900 837-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  23. 2025-09-03
    price $224,900 835-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  24. 2025-09-03
    price $224,900 837-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  25. 2025-07-30
    price $234,900 835-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  26. 2025-07-30
    price $234,900 837-char remark
    Show marketing remark (837 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  27. 2025-06-21
    listed $249,900 Active 837-char remark
    Show marketing remark (835 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  28. 2025-06-21
    listed $249,900 Active 835-char remark
    Show marketing remark (835 chars)

    Opportunity is knocking!! Here is your chance to seize a great piece of property in a hot area! Conveniently located close to Boston Edison and The New Center area and within walking distance to restaurants and shops this recently updated spacious home is waiting for you. It features many recent updates including new floors, bathrooms, updated kitchen, and a master bedroom with full bathroom and walk-in closet. A little elbow grease will go a long way on this one. Please note this home is on a separate parcel as the adjoining home. This listing is just for 229 Leicester; the adjoining home 233 Leicester is a separate home/parcel and is not included with the purchase of 229 Leicester. So this sale is only for the unit on the left side, the home will need a new gas forced furnace. Don't delay schedule your showing today. .. .

  29. 2022-11-24
    historical

ⓘ 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
$1,341 · $112/mo
Projected year-2 tax
$1,748 · $146/mo
Expected delta
+$407/yr (+$34/mo · 30.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 4/10 Moderate 4 unhealthy d/yr today · 6 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
$24,157
− Mortgage interest
−$7,837
− Property taxes
−$1,341
− Insurance
−$700
− Repairs & maintenance
−$1,933
− Management
−$1,933
− Depreciation
−$4,070
Taxable income
$6,345
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,523
After-tax cash flow
$6,717/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

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

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)
15,780
Household income
$43,627
Rent vs Own
69.1% rent · 30.9% own
Severe rent burden
1258.0

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
Diverse neighborhood (Simpson 0.57)
Race & ethnicity
Black 60% White 26% Asian 6% Two or more races 4% Hispanic / Latino 3%
Common ancestry
Romanian 3% Slovak 1% Lithuanian 1%
Foreign-born
8% · Canada, Vietnam
Languages at home
90% English-only · Other Indo-European 3% Arabic 2% 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
▼ -239.24%
Current HPI
145.5509
Rent YoY
▼ -5.13%
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

Price history

-44.0% since first listed
17 events — show timeline
  • 2026-05-07 Price Changed $139,900 MiRealSource-MiMLS
  • 2026-05-06 Price Changed $139,900 REALCOMP
  • 2026-02-20 Price Changed $154,900 MiRealSource-MiMLS
  • 2026-02-19 Price Changed $154,900 REALCOMP
  • 2026-01-15 Price Changed $169,900 MiRealSource-MiMLS
  • 2026-01-14 Price Changed $169,900 REALCOMP
  • 2025-11-25 Price Changed $189,900 MiRealSource-MiMLS
  • 2025-11-25 Price Changed $189,900 REALCOMP
  • 2025-10-10 Price Changed $219,900 MiRealSource-MiMLS
  • 2025-10-10 Price Changed $219,900 REALCOMP
  • 2025-09-03 Price Changed $224,900 MiRealSource-MiMLS
  • 2025-09-03 Price Changed $224,900 REALCOMP
  • 2025-07-30 Price Changed $234,900 MiRealSource-MiMLS
  • 2025-07-30 Price Changed $234,900 REALCOMP
  • 2025-06-21 Listed $249,900 REALCOMP
  • 2025-06-21 Listed $249,900 MiRealSource-MiMLS
  • 2022-11-24 Rental Removed REALSOURCE

Property tax history

-9.3%/yr

Latest (2025): $1,341 · -37.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…