9228 Steel 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 97°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 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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.2/15.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Rent growth +1.9/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$59,999
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to your potential new home, ideally situated near Tireman and Joy Rd, just minutes from the heart of East Dearborn. This inviting property is perfectly positioned in a convenient and well-connected neighborhood, offering easy access to shopping, dining, schools, and major roadways. This charming starter home provides a comfortable layout with plenty of natural light and a warm, welcoming feel throughout. It offers the perfect balance of move-in readiness and opportunity, making it ideal for both first-time buyers and investors alike. With solid bones and great potential, this home serves as a blank canvas for your personal vision. Whether you're looking to modernize finishes, update fixtures, or fully customize the space to match your style, the possibilities here are endless. Every room presents an opportunity to add value and create something truly your own. The property also offers a practical layout that supports everyday living, with functional living spaces and room to grow. Its location and potential make it a smart investment in a steadily developing area. Don't miss the chance to turn this house into your next home or investment opportunity. Showings available with a minimum of 24 hours' notice.
Key facts
- Practical layout
- 4,356 sq ft lot
- Built 1950
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $60k.
Deal economics
- At list price, monthly cash flow is $403 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $60k).
- Recommended offer: $56k (6.0% below list) — sets the bar for market timing.
- Cap rate 14.4% 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 soft (-2.3%/yr); 363 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% 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 $1,200/mo this rent would consume 47% of the median local household income ($31k/yr) (locally 4144% 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 $415 of loan paydown is wiped out by about $2k 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 $17k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 67 days — a 6% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
- 19 sale attempts since 15y ago; this cycle's ask is 6567% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Watch-outs: property tax is 4.1% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1950 — 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
- 2.00% ✓
- Cap rate
- 14.35%
- Cash-on-cash
- 28.78%
- DSCR
- 2.28
- GRM
- 4.2
CMA / ARV
- ARV (median comp)
- $59,628
- List price
- $59,999
- Delta
- 0.62%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 9366 Steel St | 0.13mi | 3/1.0 | 900 (-6%) | 10mo | $59,000 | $66 | 75 |
| 9222 Hartwell St | 0.32mi | 3/1.0 | 1,000 (+4%) | 5mo | $70,000 | $70 | 74 |
| 8938 Hartwell St | 0.35mi | 3/1.5 | 1,042 (+8%) | 7mo | $100,000 | $96 | 62 |
| 9265 Birwood St | 0.35mi | 3/1.0 | 908 (-6%) | 15mo | $57,000 | $63 | 62 |
| 9614 Schaefer Hwy | 0.50mi | 3/1.0 | 909 (-6%) | 10mo | $60,000 | $66 | 60 |
| 11337 Steel St | 0.60mi | 3/1.0 | 880 (-8%) | 1mo | $35,000 | $40 | 57 |
| 11437 Manor St | 0.72mi | 3/1.0 | 1,006 (+5%) | 5mo | $53,900 | $54 | 55 |
| 9330 Hartwell St | 0.33mi | 3/1.0 | 1,089 (+13%) | 11mo | $62,500 | $57 | 53 |
| 11318 Littlefield St | 0.63mi | 2/1.0 (-1) | 877 (-9%) | 5mo | $57,500 | $66 | 47 |
| 10300 Orangelawn St | 0.61mi | 3/1.0 | 1,092 (+14%) | 4mo | $52,000 | $48 | 46 |
| 8234 Meyers Rd | 0.59mi | 3/1.5 | 1,087 (+13%) | 8mo | $78,000 | $72 | 42 |
| 9945 Hartwell St | 0.55mi | 3/2.0 | 1,092 (+14%) | 14mo | $104,500 | $96 | 36 |
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 · 0.0% rent growth · sell at horizon
- IRR
- 19.2%
- Equity multiple
- 1.75×
- Total profit
- $12,520
- Equity at exit
- $8,946
- IRR
- 25.0%
- Equity multiple
- 2.83×
- Total profit
- $30,754
- Equity at exit
- $5,188
Cash invested: $16,800 (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 48228
- Rents YoY
- -2.3%
- Active inventory
- 363
- Price-to-rent
- 4.2×
Monthly cashflow live
- Estimated rent
- $1,200 high interval (Pro) →
- Mortgage (P&I)
- −$315
- Tax from tax record
- −$205 /mo · $2,463/yr
- Insurance
- −$25
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$252
- Net cashflow
- $403
Break-even live
Sensitivity live
| Price | -10% $437 | -5% $420 | +0% $403 | +5% $386 | +10% $369 |
|---|---|---|---|---|---|
| Rent | -10% $308 | -5% $355 | +0% $403 | +5% $450 | +10% $498 |
| Rate | -1.0pp $433 | -0.5pp $418 | base $403 | +0.5pp $387 | +1.0pp $372 |
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
- $15,000
- Closing costs
- $1,800
- 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 28 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 9558 Meyers Rd Detroit, MI | 3.0 | 1.0 | 950 | $1,150 | $1.21 | 44d | 1 | 0.30mi |
| 9340 Hartwell St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 44d | 1 | 0.33mi |
| 10303 Morley St #1 Detroit, MI | 2.0 | 1.0 | 950 | $950 | $1.00 | 44d | 1 | 0.49mi |
| 10345 Crocuslawn Ave Unit 2 Detroit, MI | 2.0 | 1.0 | 850 | $950 | $1.12 | 44d | 1 | 0.52mi |
| 10002 Manor Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 44d | 1 | 0.54mi |
| 10002 Manor Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,150 | $1.05 | 44d | 1 | 0.54mi |
| 8283 Pinehurst St Unit 2 Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.59mi |
| 9353 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $999 | $1.25 | 18d | 1 | 0.67mi |
| 13717 Keal St Detroit, MI | 2.0 | 1.0 | 799 | $1,000 | $1.25 | 44d | 1 | 0.67mi |
| 12775 Plymouth Rd Unit 16 Detroit, MI | 2.0 | 1.0 | 1009 | $825 | $0.82 | 44d | 1 | 0.69mi |
| 9022 Northlawn St Detroit, MI | 2.0 | 1.0 | 1100 | $1,300 | $1.18 | 25d | 1 | 0.94mi |
| 9590 Marlowe St Detroit, MI | 2.0 | 1.0 | 877 | $1,430 | $1.63 | 44d | 1 | 0.98mi |
| 14740 W Chicago Unit B Detroit, MI | 2.0 | 1.0 | 900 | $845 | $0.94 | 44d | 1 | 1.01mi |
| 8544 Cloverlawn St Detroit, MI | 2.0 | 1.0 | 800 | $800 | $1.00 | 18d | 1 | 1.06mi |
| 8114 Marlowe St Unit home Detroit, MI | 3.0 | 1.0 | 985 | $1,350 | $1.37 | 44d | 1 | 1.16mi |
| 8212 Lauder St Detroit, MI | 3.0 | 1.0 | 1026 | $1,150 | $1.12 | 44d | 1 | 1.17mi |
| 9386 Coyle St Detroit, MI | 3.0 | 1.0 | 1000 | $1,300 | $1.30 | 2d | 1 | 1.17mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,000 | $0.91 | 25d | 1 | 1.22mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 44d | 1 | 1.22mi |
| 10015 Robson St Detroit, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 1.23mi |
| 9546 Sussex St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 44d | 1 | 1.24mi |
| 8353 Alpine St Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 44d | 1 | 1.24mi |
| 9917 Sussex St Detroit, MI | 2.0 | 1.0 | 800 | $1,375 | $1.72 | 44d | 1 | 1.30mi |
| 8604 Whitcomb St Detroit, MI | 3.0 | 2.0 | 1033 | $1,300 | $1.26 | 44d | 1 | 1.32mi |
| 12039 Lauder St Detroit, MI | 3.0 | 1.5 | 1000 | $1,500 | $1.50 | 25d | 1 | 1.35mi |
| 11634 Sussex St Detroit, MI | 3.0 | 1.0 | 1091 | $1,326 | $1.22 | 25d | 1 | 1.42mi |
| 11397 Whitcomb St Detroit, MI | 3.0 | 1.0 | 1070 | $1,400 | $1.31 | 17d | 1 | 1.44mi |
| 11393 Prest St Detroit, MI | 3.0 | 1.0 | 900 | $1,550 | $1.72 | 17d | 1 | 1.49mi |
Listing history 50 events
-
2026-06-17statusdays on market $59,999 Pending 67 DOM
-
2026-06-15days on market $59,999 Active Under Contract 66 DOM
-
2026-06-13days on market $59,999 Active Under Contract 64 DOM
-
2026-06-13days on market $59,999 Active Under Contract 63 DOM
-
2026-06-09days on market $59,999 Active Under Contract 60 DOM
-
2026-06-08days on market $59,999 Active Under Contract 59 DOM
-
2026-06-07days on market $59,999 Active Under Contract 58 DOM
-
2026-06-04days on market $59,999 Active Under Contract 55 DOM
-
2026-06-03days on market $59,999 Active Under Contract 54 DOM
-
2026-06-02days on market $59,999 Active Under Contract 53 DOM
-
2026-06-01days on market $59,999 Active Under Contract 52 DOM
-
2026-05-31days on market $59,999 Active Under Contract 51 DOM
-
2026-05-04historical Accepting Backup Offers 1231-char remark
Show marketing remark (1249 chars)
Welcome to your potential new home, ideally situated near Tireman and Joy Rd, just minutes from the heart of East Dearborn. This inviting property is perfectly positioned in a convenient and well-connected neighborhood, offering easy access to shopping, dining, schools, and major roadways. This charming starter home provides a comfortable layout with plenty of natural light and a warm, welcoming feel throughout. It offers the perfect balance of move-in readiness and opportunity, making it ideal for both first-time buyers and investors alike. With solid bones and great potential, this home serves as a blank canvas for your personal vision. Whether you’re looking to modernize finishes, update fixtures, or fully customize the space to match your style, the possibilities here are endless. Every room presents an opportunity to add value and create something truly your own. The property also offers a practical layout that supports everyday living, with functional living spaces and room to grow. Its location and potential make it a smart investment in a steadily developing area. Don’t miss the chance to turn this house into your next home or investment opportunity. Showings available with a minimum of 24 hours’ notice.
-
2026-05-04historical Active Under Contract 1249-char remark
Show marketing remark (1249 chars)
Welcome to your potential new home, ideally situated near Tireman and Joy Rd, just minutes from the heart of East Dearborn. This inviting property is perfectly positioned in a convenient and well-connected neighborhood, offering easy access to shopping, dining, schools, and major roadways. This charming starter home provides a comfortable layout with plenty of natural light and a warm, welcoming feel throughout. It offers the perfect balance of move-in readiness and opportunity, making it ideal for both first-time buyers and investors alike. With solid bones and great potential, this home serves as a blank canvas for your personal vision. Whether you’re looking to modernize finishes, update fixtures, or fully customize the space to match your style, the possibilities here are endless. Every room presents an opportunity to add value and create something truly your own. The property also offers a practical layout that supports everyday living, with functional living spaces and room to grow. Its location and potential make it a smart investment in a steadily developing area. Don’t miss the chance to turn this house into your next home or investment opportunity. Showings available with a minimum of 24 hours’ notice.
-
2026-04-25historical $900
-
2026-04-11$900
Show marketing remark (1249 chars)
Welcome to your potential new home, ideally situated near Tireman and Joy Rd, just minutes from the heart of East Dearborn. This inviting property is perfectly positioned in a convenient and well-connected neighborhood, offering easy access to shopping, dining, schools, and major roadways. This charming starter home provides a comfortable layout with plenty of natural light and a warm, welcoming feel throughout. It offers the perfect balance of move-in readiness and opportunity, making it ideal for both first-time buyers and investors alike. With solid bones and great potential, this home serves as a blank canvas for your personal vision. Whether you’re looking to modernize finishes, update fixtures, or fully customize the space to match your style, the possibilities here are endless. Every room presents an opportunity to add value and create something truly your own. The property also offers a practical layout that supports everyday living, with functional living spaces and room to grow. Its location and potential make it a smart investment in a steadily developing area. Don’t miss the chance to turn this house into your next home or investment opportunity. Showings available with a minimum of 24 hours’ notice.
-
2026-04-11$59,999 Active 1249-char remark
Show marketing remark (1249 chars)
Welcome to your potential new home, ideally situated near Tireman and Joy Rd, just minutes from the heart of East Dearborn. This inviting property is perfectly positioned in a convenient and well-connected neighborhood, offering easy access to shopping, dining, schools, and major roadways. This charming starter home provides a comfortable layout with plenty of natural light and a warm, welcoming feel throughout. It offers the perfect balance of move-in readiness and opportunity, making it ideal for both first-time buyers and investors alike. With solid bones and great potential, this home serves as a blank canvas for your personal vision. Whether you’re looking to modernize finishes, update fixtures, or fully customize the space to match your style, the possibilities here are endless. Every room presents an opportunity to add value and create something truly your own. The property also offers a practical layout that supports everyday living, with functional living spaces and room to grow. Its location and potential make it a smart investment in a steadily developing area. Don’t miss the chance to turn this house into your next home or investment opportunity. Showings available with a minimum of 24 hours’ notice.
-
2026-04-10$59,999 Active 1231-char remark
Show marketing remark (1231 chars)
Welcome to your potential new home, ideally situated near Tireman and Joy Rd, just minutes from the heart of East Dearborn. This inviting property is perfectly positioned in a convenient and well-connected neighborhood, offering easy access to shopping, dining, schools, and major roadways. This charming starter home provides a comfortable layout with plenty of natural light and a warm, welcoming feel throughout. It offers the perfect balance of move-in readiness and opportunity, making it ideal for both first-time buyers and investors alike. With solid bones and great potential, this home serves as a blank canvas for your personal vision. Whether you're looking to modernize finishes, update fixtures, or fully customize the space to match your style, the possibilities here are endless. Every room presents an opportunity to add value and create something truly your own. The property also offers a practical layout that supports everyday living, with functional living spaces and room to grow. Its location and potential make it a smart investment in a steadily developing area. Don't miss the chance to turn this house into your next home or investment opportunity. Showings available with a minimum of 24 hours' notice.
-
2025-12-11historical $1,200
-
2025-11-06$1,200
-
2024-11-13historical
-
2024-11-13historical
-
2024-05-31$87,999 Active
-
2024-05-31$87,999 Active
-
2024-05-29historical
-
2024-05-29historical
-
2024-01-23historical
-
2024-01-23historical
-
2023-12-26price $78,000
-
2023-12-26price $78,000
-
2023-10-16$85,000 Active
-
2023-10-16$85,000 Active
-
2023-10-13historical $1,250
-
2023-10-13historical
-
2023-10-13historical
-
2023-07-24soldstatus $70,000
-
2023-07-11$1,250
-
2023-06-29soldstatus $70,000 Sold
-
2023-06-29soldstatus $70,000 Closed
-
2023-06-22status Pending
-
2023-06-22status Pending
-
2023-06-10price $74,900
-
2023-06-10price $74,900
-
2023-06-01status Active
-
2023-06-01status Active
-
2023-05-08historical Accepting Backup Offers
-
2023-05-07historical Accepting Backup Offers
-
2023-04-27$99,900 Active
-
2023-04-27$99,900 Active
-
2023-04-26historical $99,900
ⓘ 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
- $2,463 · $205/mo
- Projected year-2 tax
- $2,463 · $205/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 ≥97°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
- $14,396
- − Mortgage interest
- −$3,361
- − Property taxes
- −$2,463
- − Insurance
- −$300
- − Repairs & maintenance
- −$1,152
- − Management
- −$1,152
- − Depreciation
- −$1,745
- Taxable income
- $4,224
- Est. tax owed @ 24.0%
- −$1,014
- After-tax cash flow
- $3,821/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)
- 50,117
- Household income
- $30,680
- Rent vs Own
- Severe rent burden
- 4144.0
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 (71%)
- Race & ethnicity
- Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 2%
- Common ancestry
- Arab 2% Romanian 2% Lithuanian 1%
- Foreign-born
- 11% · Canada
- Languages at home
- 82% English-only · Arabic 11% Spanish 5%
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
- ▼ -160.81%
- Current HPI
- 168.6843
- Rent YoY
- ▼ -2.30%
- 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
+823.1% since first listed55 events — show timeline
- 2026-05-04 Contingent — MiRealSource-MiMLS
- 2026-05-04 Contingent — REALCOMP
- 2026-04-25 Rental Removed $900 REALSOURCE
- 2026-04-11 Listed for Rent $900 REALSOURCE
- 2026-04-11 Listed $59,999 REALCOMP
- 2026-04-10 Listed $59,999 MiRealSource-MiMLS
- 2025-12-11 Rental Removed $1,200 REALCOMP
- 2025-11-06 Listed for Rent $1,200 REALCOMP
- 2024-11-13 Listing Removed — REALCOMP
- 2024-11-13 Listing Removed — MiRealSource-MiMLS
- 2024-05-31 Listed $87,999 MiRealSource-MiMLS
- 2024-05-31 Listed $87,999 REALCOMP
- 2024-05-29 Coming Soon — MiRealSource-MiMLS
- 2024-05-29 Coming Soon — REALCOMP
- 2024-01-23 Listing Removed — MiRealSource-MiMLS
- 2024-01-23 Listing Removed — REALCOMP
- 2023-12-26 Price Changed $78,000 MiRealSource-MiMLS
- 2023-12-26 Price Changed $78,000 REALCOMP
- 2023-10-16 Listed $85,000 MiRealSource-MiMLS
- 2023-10-16 Listed $85,000 REALCOMP
- 2023-10-13 Rental Removed $1,250 REALCOMP
- 2023-10-13 Coming Soon — MiRealSource-MiMLS
- 2023-10-13 Coming Soon — REALCOMP
- 2023-07-24 Sold (Public Records) $70,000 Public Records
- 2023-07-11 Listed for Rent $1,250 REALCOMP
- 2023-06-29 Sold (MLS) $70,000 MiRealSource-MiMLS
- 2023-06-29 Sold (MLS) $70,000 REALCOMP
- 2023-06-22 Pending — MiRealSource-MiMLS
- 2023-06-22 Pending — REALCOMP
- 2023-06-10 Price Changed $74,900 MiRealSource-MiMLS
- 2023-06-10 Price Changed $74,900 REALCOMP
- 2023-06-01 Relisted — MiRealSource-MiMLS
- 2023-06-01 Relisted — REALCOMP
- 2023-05-08 Contingent — MiRealSource-MiMLS
- 2023-05-07 Contingent — REALCOMP
- 2023-04-27 Listed $99,900 MiRealSource-MiMLS
- 2023-04-27 Listed $99,900 REALCOMP
- 2023-04-26 Coming Soon $99,900 REALCOMP
- 2023-04-26 Coming Soon $99,900 MiRealSource-MiMLS
- 2019-11-01 Listing Removed — MiRealSource-MiMLS
- 2019-11-01 Listing Removed — REALCOMP
- 2019-05-16 Listed $52,000 MiRealSource-MiMLS
- 2019-05-16 Listed $52,000 REALCOMP
- 2016-11-09 Sold (MLS) $25,000 MiRealSource-MiMLS
- 2016-11-09 Sold (MLS) $25,000 REALCOMP
- 2016-10-18 Pending — MiRealSource-MiMLS
- 2016-10-18 Pending — REALCOMP
- 2016-04-16 Listed $29,990 MiRealSource-MiMLS
- 2016-03-25 Price Changed $29,990 REALCOMP
- 2015-12-18 Listed $23,500 REALCOMP
- 2012-03-16 Listing Removed — MiRealSource-MiMLS
- 2012-03-05 Sold (MLS) $5,500 REALCOMP
- 2012-01-19 Listing Removed — REALCOMP
- 2011-12-15 Listed $5,900 REALCOMP
- 2011-12-15 Listed $6,500 MiRealSource-MiMLS
Property tax history
+7.7%/yrLatest (2025): $2,463 · -10.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…