16260 Marlowe 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 98°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
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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 +28.2/30.0
- DSCR +10.0/10.0
- 1% rule +8.0/10.0
- ARV discount +7.5/15.0
- Livability +3.7/5.0
- Rent growth +3.3/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$102,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
Key facts
- Fully renovated
- Your very own island
- Open concept
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $103k.
Deal economics
- At list price, monthly cash flow is $327 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $103k).
- Recommended offer: $91k (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 rising (+3.2%/yr); 283 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 41% of the median local income ($39k/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 $711 of loan paydown is wiped out by about $3k 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 + 3.2% rent growth), your $29k cash investment doubles in ~9 years — after that, you're playing with house money.
Negotiation context
- It's been on market 207 days — a 12% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
- 13 sale attempts since 19y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $30k; list at $103k implies a 243% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 207 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 1.30% ✓
- Cap rate
- 10.10%
- Cash-on-cash
- 13.61%
- DSCR
- 1.61
- GRM
- 6.4
CMA / ARV
- ARV (on-the-fly)
- $59,831
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 16253 Strathmoor St | 0.09mi | 3/1.0 | 900 (+1%) | 6mo | $80,000 | $89 | 89 |
| 16246 Coyle St | 0.19mi | 3/1.0 | 848 (-5%) | 1mo | $50,000 | $59 | 82 |
| 16655 Stansbury St | 0.41mi | 3/1.0 | 857 (-4%) | 2mo | $45,000 | $53 | 73 |
| 16854 Lesure St | 0.52mi | 3/1.0 | 886 (-1%) | 3mo | $105,000 | $119 | 72 |
| 16621 Ardmore St | 0.29mi | 2/1.0 (-1) | 825 (-8%) | 5mo | $55,000 | $67 | 65 |
| 15746 Coyle St | 0.39mi | 3/1.0 | 814 (-9%) | 5mo | $41,500 | $51 | 63 |
| 16811 Cruse St | 0.38mi | 3/1.0 | 790 (-12%) | 1mo | $53,500 | $68 | 62 |
| 16150 Cruse St | 0.35mi | 2/1.0 (-1) | 966 (+8%) | 4mo | $40,000 | $41 | 62 |
| 15918 Sussex St | 0.30mi | 3/1.0 | 1,000 (+12%) | 6mo | $52,000 | $52 | 61 |
| 15840 Tracey St | 0.56mi | 2/1.0 (-1) | 858 (-4%) | 4mo | $70,000 | $82 | 59 |
| 16510 Littlefield St | 0.72mi | 2/1.0 (-1) | 861 (-4%) | 4mo | $45,000 | $52 | 52 |
| 15430 Mark Twain St | 0.52mi | 3/1.0 | 1,026 (+15%) | 1mo | $95,000 | $93 | 50 |
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 · 3.25% rent growth · sell at horizon
- IRR
- 4.0%
- Equity multiple
- 1.16×
- Total profit
- $4,498
- Equity at exit
- $15,343
- IRR
- 13.8%
- Equity multiple
- 2.12×
- Total profit
- $32,217
- Equity at exit
- $8,897
Cash invested: $28,812 (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 48235
- Rents YoY
- 3.2%
- Active inventory
- 283
- Price-to-rent
- 6.4×
Monthly cashflow live
- Estimated rent
- $1,334 high interval (Pro) →
- Mortgage (P&I)
- −$540
- Tax from tax record
- −$145 /mo · $1,739/yr
- Insurance
- −$43
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$280
- Net cashflow
- $327
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
- $25,725
- Closing costs
- $3,087
- 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 |
|---|---|---|---|---|---|---|---|---|
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 11d | 1 | 0.36mi |
| 15468 Sussex St #2 Detroit, MI | 2.0 | 1.0 | 900 | $1,250 | $1.39 | 43d | 1 | 0.51mi |
| 15517 Lesure St Unit BDRM1A Detroit, MI | 2.0 | 1.0 | 1000 | $850 | $0.85 | 24d | 1 | 0.57mi |
| 15341 Lauder St Detroit, MI | 4.0 | 1.5 | 1080 | $1,475 | $1.37 | 16d | 1 | 0.59mi |
| 15328 Coyle St Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 18d | 1 | 0.62mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,375 | $1.38 | 24d | 1 | 0.62mi |
| 15330 Coyle St Unit 2 Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 24d | 1 | 0.62mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,425 | $1.43 | 12d | 1 | 0.62mi |
| 15387 Lesure St Detroit, MI | 3.0 | 1.0 | 1064 | $1,350 | $1.27 | 12d | 1 | 0.68mi |
| 15073 Strathmoor St Detroit, MI | 2.0 | 1.0 | 860 | $1,350 | $1.57 | 16d | 1 | 0.72mi |
| 15100 Whitcomb St Detroit, MI | 2.0 | 1.0 | 750 | $925 | $1.23 | 43d | 1 | 0.76mi |
| 16503 Ward Ave Unit 2 Detroit, MI | 2.0 | 1.0 | 700 | $850 | $1.21 | 43d | 1 | 0.80mi |
| 17165 Prevost St Detroit, MI | 3.0 | 1.0 | 1060 | $2,400 | $2.26 | 2d | 1 | 0.82mi |
| 15340 Hartwell St Detroit, MI | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 16d | 1 | 0.84mi |
| 18010 Lesure St Detroit, MI | 3.0 | 1.0 | 1010 | $1,550 | $1.53 | 24d | 1 | 0.87mi |
| 15375 Prevost St Detroit, MI | 4.0 | 1.0 | 907 | $1,300 | $1.43 | 16d | 1 | 0.87mi |
| 16204 Steel St Detroit, MI | 3.0 | 1.0 | 969 | $1,150 | $1.19 | 43d | 1 | 0.94mi |
| 15738 Sorrento Ave Detroit, MI | 3.0 | 1.0 | 762 | $1,175 | $1.54 | 43d | 1 | 0.95mi |
| 14893 Prest St Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 15d | 1 | 0.98mi |
| 14903 Tracey St Detroit, MI | 3.0 | 1.0 | 1004 | $1,100 | $1.10 | 16d | 1 | 0.98mi |
| 14814 Sussex St Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 43d | 1 | 0.99mi |
| 14891 Hartwell St Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 43d | 1 | 1.05mi |
| 14559 Strathmoor St Detroit, MI | 2.0 | 1.0 | 1033 | $1,150 | $1.11 | 20d | 1 | 1.07mi |
| 15736 Biltmore St Detroit, MI | 3.0 | 1.5 | 1000 | $1,200 | $1.20 | 16d | 1 | 1.11mi |
| 18427 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 952 | $980 | $1.03 | 5d | 1 | 1.12mi |
| 15388 Appoline St #203 Detroit, MI | 2.0 | 1.0 | 900 | $850 | $0.94 | 43d | 1 | 1.12mi |
| 18481 Prest St Detroit, MI | 3.0 | 1.5 | 1100 | $1,300 | $1.18 | 19d | 1 | 1.14mi |
| 14836 Rutherford St Unit 2 Detroit, MI | 2.0 | 1.0 | 1104 | $950 | $0.86 | 43d | 1 | 1.18mi |
| 14847 Cheyenne St Detroit, MI | 3.0 | 2.0 | 849 | $1,150 | $1.35 | 18d | 1 | 1.18mi |
| 15760 Monte Vista St Detroit, MI | 2.0 | 1.0 | 1080 | $1,250 | $1.16 | 43d | 1 | 1.20mi |
| 17150 Meyers Rd Detroit, MI | 1.0–2.0 | 1.0 | 775 | $975 | $1.26 | 43d | 2 | 1.21mi |
| 18268 Mansfield St Detroit, MI | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 16d | 1 | 1.21mi |
| 18400 Rutherford St Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 3d | 1 | 1.23mi |
| 18512 Schaefer Hwy Detroit, MI | 2.0 | 1.0 | 962 | $1,200 | $1.25 | 24d | 1 | 1.24mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 5d | 1 | 1.30mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 12d | 1 | 1.30mi |
| 15065 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 43d | 1 | 1.30mi |
| 15512 Mendota St Apt 2 Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 43d | 1 | 1.33mi |
| 15512 Mendota St Detroit, MI | 2.0 | 1.0 | 931 | $1,200 | $1.29 | 5d | 1 | 1.33mi |
| 14284 Cruse St Detroit, MI | 3.0 | 1.0 | 1121 | $1,150 | $1.03 | 16d | 1 | 1.34mi |
Listing history 37 events
-
2026-04-14status Pending 518-char remark
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2026-04-14status Pending
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2026-03-06price $102,900 518-char remark
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2026-03-05price $102,900
-
2025-10-28price $107,888 518-char remark
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2025-10-27price $107,888
-
2025-10-10price $108,888 518-char remark
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2025-10-10price $108,888
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2025-09-19$112,900 Active 518-char remark
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2025-09-19$112,900 Active
Show marketing remark (518 chars)
Welcome Home to this amazing open concept three bedroom one bath brick bungalow 1095 Square feet, with full basement, that has been fully renovated. Corner Lot Fenced in yard, great family neighborhood. Some updates to include, tons of Kitchen cabinets, granite counter tops, and your very own island, updated bathroom, new floors through out, recessed lighting, newer furnace and hot water tank, updated windows, electric and plumbing, roof is only two years old!!!! Come and see for yourself!! You will be amazed!!!!
-
2020-08-06soldstatus $30,000 Sold 216-char remark
Show marketing remark (216 chars)
Bring all offers to this brick bungalow. The bones are all good here and this renovation would be quick. Bring all investors or first time home buyers that are looking for a fixer upper! The home owner is motivated!
-
2020-08-06soldstatus $30,000 Closed
Show marketing remark (216 chars)
Bring all offers to this brick bungalow. The bones are all good here and this renovation would be quick. Bring all investors or first time home buyers that are looking for a fixer upper! The home owner is motivated!
-
2020-07-23status Pending
Show marketing remark (216 chars)
Bring all offers to this brick bungalow. The bones are all good here and this renovation would be quick. Bring all investors or first time home buyers that are looking for a fixer upper! The home owner is motivated!
-
2020-07-23status Pending 216-char remark
Show marketing remark (216 chars)
Bring all offers to this brick bungalow. The bones are all good here and this renovation would be quick. Bring all investors or first time home buyers that are looking for a fixer upper! The home owner is motivated!
-
2020-06-30$35,000 Active 216-char remark
Show marketing remark (216 chars)
Bring all offers to this brick bungalow. The bones are all good here and this renovation would be quick. Bring all investors or first time home buyers that are looking for a fixer upper! The home owner is motivated!
-
2020-06-30$35,000 Active
Show marketing remark (216 chars)
Bring all offers to this brick bungalow. The bones are all good here and this renovation would be quick. Bring all investors or first time home buyers that are looking for a fixer upper! The home owner is motivated!
-
2018-06-02historical
-
2018-06-02historical
-
2018-03-02historical
-
2018-03-02historical
-
2017-09-15status Active
-
2017-09-12historical
-
2017-08-31$32,000 Active
-
2017-08-31$32,000 Active
-
2017-08-31$32,000 Active
-
2017-08-31$32,000
-
2014-04-05soldstatus $700
-
2014-04-03historical
-
2014-02-23$700
-
2007-12-31historical
-
2007-12-31historical
-
2007-07-02$35,000
-
2007-06-29$29,000
-
2007-06-26historical
-
2007-03-27$40,000
-
1991-10-24soldstatus $23,000
-
1991-10-24soldstatus $20,000
ⓘ 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
- $1,739 · $145/mo
- Projected year-2 tax
- $1,739 · $145/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 ≥98°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 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
- $16,011
- − Mortgage interest
- −$5,764
- − Property taxes
- −$1,739
- − Insurance
- −$514
- − Repairs & maintenance
- −$1,281
- − Management
- −$1,281
- − Depreciation
- −$2,993
- Taxable income
- $2,438
- Est. tax owed @ 24.0%
- −$585
- After-tax cash flow
- $3,335/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)
- 45,600
- Household income
- $39,265
- Rent vs Own
- Severe rent burden
- 3064.0
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 (94%)
- Race & ethnicity
- Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
- Foreign-born
- 1% · Canada
- Languages at home
- 98% English-only · Spanish 1%
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
- ▼ -153.02%
- Current HPI
- 263.6326
- Rent YoY
- ▲ 3.25%
- 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 |
|
||
Price history
+347.4% since first listed37 events — show timeline
- 2026-04-14 Pending — MiRealSource-MiMLS
- 2026-04-14 Pending — REALCOMP
- 2026-03-06 Price Changed $102,900 MiRealSource-MiMLS
- 2026-03-05 Price Changed $102,900 REALCOMP
- 2025-10-28 Price Changed $107,888 MiRealSource-MiMLS
- 2025-10-27 Price Changed $107,888 REALCOMP
- 2025-10-10 Price Changed $108,888 MiRealSource-MiMLS
- 2025-10-10 Price Changed $108,888 REALCOMP
- 2025-09-19 Listed $112,900 REALCOMP
- 2025-09-19 Listed $112,900 MiRealSource-MiMLS
- 2020-08-06 Sold (MLS) $30,000 MiRealSource-MiMLS
- 2020-08-06 Sold (MLS) $30,000 REALCOMP
- 2020-07-23 Pending — MiRealSource-MiMLS
- 2020-07-23 Pending — REALCOMP
- 2020-06-30 Listed $35,000 MiRealSource-MiMLS
- 2020-06-30 Listed $35,000 REALCOMP
- 2018-06-02 Listing Removed — MiRealSource-MiMLS
- 2018-06-02 Listing Removed — REALCOMP
- 2018-03-02 Listing Removed — MiRealSource-MiMLS
- 2018-03-02 Listing Removed — REALCOMP
- 2017-09-15 Relisted — REALCOMP
- 2017-09-12 Listing Removed — REALCOMP
- 2017-08-31 Listed $32,000 MiRealSource-MiMLS
- 2017-08-31 Listed $32,000 MiRealSource-MiMLS
- 2017-08-31 Listed $32,000 REALCOMP
- 2017-08-31 Listed $32,000 REALCOMP
- 2014-04-05 Sold (MLS) $700 MiRealSource-MiMLS
- 2014-04-03 Listing Removed — MiRealSource-MiMLS
- 2014-02-23 Listed $700 MiRealSource-MiMLS
- 2007-12-31 Listing Removed — REALCOMP
- 2007-12-31 Listing Removed — MiRealSource-MiMLS
- 2007-07-02 Listed $35,000 MiRealSource-MiMLS
- 2007-06-29 Listed $29,000 REALCOMP
- 2007-06-26 Listing Removed — REALCOMP
- 2007-03-27 Listed $40,000 REALCOMP
- 1991-10-24 Sold (Public Records) $20,000 Public Records
- 1991-10-24 Sold (Public Records) $23,000 Public Records
Property tax history
+5.5%/yrLatest (2025): $1,739 · -54.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…