5107 Cadieux Rd · Detroit, MI 48224

$70,000

2 bd · 1.0 ba · 1,109 sqft · SingleFamily public records · 150 Days on market

Built 1938 4,356 sqft lot $63/sqft · 50% below area

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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 +7.5/15.0
• 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

Listing remarks MLS

Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

Key facts

• Finished attic room
• Layout versatility
• 4,356 sq ft lot

Tags

• FINISHED ATTIC ROOM
• CLASSIC BRICK EXTERIOR
• USABLE SQUARE FOOTAGE
• LAYOUT VERSATILITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $535 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.5% 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 21d 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).
• This rent runs 34% 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 $484 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 + 0.7% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 31y ago; this cycle's ask has dropped $19k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $70k implies a 63% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 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 1938 — 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: 1.84% ✓
• Cap rate: 15.47%
• Cash-on-cash: 32.76%
• DSCR: 2.46
• GRM: 4.5

CMA / ARV

• ARV (median comp): $140,286
• List price: $70,000
• Delta: -50.10%
• 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
5279 Cadieux Rd	0.10mi	3/2.0 (+1)	1,161 (+5%)	0mo	$68,000	$59	78
5220 University Pl	0.47mi	2/1.0	1,001 (-10%)	0mo	$40,000	$40	62
4104 Woodhall St	0.65mi	3/1.0 (+1)	1,090 (-2%)	3mo	$29,900	$27	60
4503 Bishop St	0.34mi	3/1.5 (+1)	1,215 (+10%)	3mo	$158,000	$130	59
6230 Oldtown St	0.65mi	3/1.0 (+1)	1,149 (+4%)	2mo	$76,000	$66	57
5210 Farmbrook St	0.62mi	2/1.0	1,188 (+7%)	3mo	$85,000	$72	57
5762 Oldtown St	0.35mi	3/1.5 (+1)	1,240 (+12%)	2mo	$138,000	$111	55
11784 E Outer Dr	0.63mi	3/1.0 (+1)	1,172 (+6%)	3mo	$77,000	$66	54
4154 Grayton St	0.60mi	3/1.5 (+1)	1,227 (+11%)	2mo	$215,000	$175	45
6106 Oldtown St	0.54mi	3/1.5 (+1)	961 (-13%)	1mo	$132,000	$137	45
6135 Marseilles St	0.74mi	3/1.0 (+1)	988 (-11%)	0mo	$55,000	$56	42
5266 Devonshire Rd	0.66mi	3/1.0 (+1)	1,274 (+15%)	1mo	$118,000	$93	38

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

5-year hold

• IRR: 25.3%
• Equity multiple: 2.01×
• Total profit: $19,881
• Equity at exit: $10,437

10-year hold

• IRR: 31.6%
• Equity multiple: 3.55×
• Total profit: $49,991
• Equity at exit: $6,052

Cash invested: $19,600 (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.

Methodology + full state rankings →

ZIP-level market 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,289 high
• Mortgage (P&I): −$367
• Tax from tax record: −$87 /mo · $1,041/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $535

Break-even live

Break-even rent $611

Max offer price $70,000

Occupancy floor 53%

Sensitivity live

Price	-10% $575	-5% $555	+0% $535	+5% $515	+10% $496
Rent	-10% $433	-5% $484	+0% $535	+5% $586	+10% $637
Rate	-1.0pp $570	-0.5pp $553	base $535	+0.5pp $517	+1.0pp $499

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17137 Ontario St Unit 1 Detroit, MI	2.0	1.0	982	$1,123	$1.14	25d	1	0.25mi
16530 E Warren Ave Unit 209 Detroit, MI	1.0	1.0	850	$1,292	$1.52	44d	1	0.31mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	44d	1	0.45mi
5786 Neff Ave Detroit, MI	3.0	1.5	1100	$1,225	$1.11	17d	1	0.50mi
5955 Guilford St Detroit, MI	3.0	1.0	802	$1,400	$1.75	18d	1	0.51mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	5d	1	0.60mi
5031 Bedford St Detroit, MI	2.0	1.0	876	$1,870	$2.13	2d	1	0.63mi
6154 Woodhall St Detroit, MI	2.0	1.0	1136	$1,000	$0.88	44d	1	0.65mi
5284 Devonshire Rd Unit 2 Detroit, MI	1.0	1.0	750	$1,050	$1.40	15d	1	0.66mi
6225 Oldtown St Detroit, MI	3.0	1.0	1330	$1,199	$0.90	18d	1	0.67mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	18d	1	0.69mi
4627 Bedford St Unit 1 Detroit, MI	2.0	1.0	1050	$945	$0.90	20d	1	0.70mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	44d	1	0.70mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	0.70mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	18d	1	0.74mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.74mi
5915 Farmbrook St Detroit, MI	3.0	1.5	1000	$1,250	$1.25	25d	1	0.75mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	3d	1	0.76mi
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	5d	1	0.80mi
6175 Marseilles St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	0.80mi
17161 Denver St Detroit, MI	1.0	1.0	700	$800	$1.14	13d	1	0.80mi
17161 Denver St Apt 10 Detroit, MI	1.0	1.0	700	$800	$1.14	11d	1	0.80mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	13d	1	0.88mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	44d	1	0.88mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	44d	1	0.90mi
5235 Chatsworth St Detroit, MI	2.0	1.0	900	$1,050	$1.17	44d	1	0.90mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	44d	1	0.90mi
890 Neff Rd Grosse Pointe, MI	2.0	1.0	1100	$2,000	$1.82	25d	1	0.92mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	44d	1	0.94mi
9313 Harvard Rd Detroit, MI	3.0	1.5	1329	$1,200	$0.90	18d	1	0.95mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	0.95mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	5d	1	0.99mi
10177 Boleyn St Detroit, MI	3.0	1.0	767	$1,250	$1.63	44d	1	1.01mi
5025 Somerset Ave Detroit, MI	1.0	1.0	772	$900	$1.17	44d	1	1.02mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	1.06mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	44d	1	1.08mi
10542 Lanark St Detroit, MI	3.0	1.0	1023	$1,250	$1.22	44d	1	1.10mi
19000 Chandler Park Dr Grosse Pointe, MI	2.0	1.0	1374	$2,300	$1.67	5d	1	1.10mi
19000 Chandler Park Dr Grosse Pointe, MI	2.0	1.0	1374	$2,300	$1.67	2d	1	1.10mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	18d	1	1.11mi

Listing history 25 events

1. 2026-06-18
   days on market $70,000 Active 150 DOM
2. 2026-06-17
   days on market $70,000 Active 149 DOM
3. 2026-06-15
   days on market $70,000 Active 147 DOM
4. 2026-06-13
   days on market $70,000 Active 145 DOM
5. 2026-06-13
   days on market $70,000 Active 144 DOM
6. 2026-06-09
   days on market $70,000 Active 141 DOM
7. 2026-06-08
   days on market $70,000 Active 140 DOM
8. 2026-06-07
   days on market $70,000 Active 139 DOM
9. 2026-06-04
   days on market $70,000 Active 136 DOM
10. 2026-06-03
    days on market $70,000 Active 135 DOM
11. 2026-06-01
    days on market $70,000 Active 133 DOM
12. 2026-05-31
    days on market $70,000 Active 132 DOM
13. 2026-05-13
    price $70,000 983-char remark

    Show marketing remark (983 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

14. 2026-05-12
    price $70,000 984-char remark

    Show marketing remark (984 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

15. 2026-05-12
    price $70,000

    Show marketing remark (984 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

16. 2026-02-11
    price $76,875 983-char remark

    Show marketing remark (983 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

17. 2026-02-10
    price $76,875 984-char remark

    Show marketing remark (984 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

18. 2026-02-10
    price $76,875

    Show marketing remark (984 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

19. 2026-01-20
    listed $88,675 Active 984-char remark

    Show marketing remark (984 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

20. 2026-01-19
    listed $88,675 Active 983-char remark

    Show marketing remark (983 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

21. 2026-01-19
    listed $88,675 Active

    Show marketing remark (983 chars)

    Brick bungalow investment opportunity in an up-and-coming Detroit neighborhood offering solid upside for renovation-minded buyers. This 1938-built home features two bedrooms and one full bathroom, plus a finished attic room that offers flexible use as a potential third bedroom, media room, office, or additional living space. The classic brick exterior provides long-term durability and curb appeal, while the interior layout allows for functional updates to maximize future value. The property presents a value-add opportunity for investors seeking a renovation project in a neighborhood showing continued improvement and reinvestment. The finished attic expands the usable square footage and enhances layout versatility, which can support multiple exit strategies depending on renovation scope and design choices. With the right updates, this property has the potential to align well with nearby renovated homes and market demand. Located in an area experiencing positive momentum

22. 1995-11-07
    soldstatus $43,000
23. 1995-08-31
    soldstatus $43,000
24. 1995-07-15
    historical
25. 1995-06-19
    listed $42,900

ⓘ 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: $1,041 · $87/mo
• Projected year-2 tax: $1,060 · $88/mo
• Expected delta: +$18/yr (+$2/mo · 1.8%)

ⓘ 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

Taxation est. · year 1

• Rental income: $15,466
• − Mortgage interest: −$3,921
• − Property taxes: −$1,041
• − Insurance: −$350
• − Repairs & maintenance: −$1,237
• − Management: −$1,237
• − Depreciation: −$2,036
• Taxable income: $5,643
• Est. tax owed @ 24.0%: −$1,354
• After-tax cash flow: $5,067/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% 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

Price history

+63.2% since first listed

13 events — show timeline

• 2026-05-13 Price Changed $70,000 MiRealSource-MiMLS
• 2026-05-12 Price Changed $70,000 REALCOMP
• 2026-05-12 Price Changed $70,000 SW Michigan MLS
• 2026-02-11 Price Changed $76,875 MiRealSource-MiMLS
• 2026-02-10 Price Changed $76,875 REALCOMP
• 2026-02-10 Price Changed $76,875 SW Michigan MLS
• 2026-01-20 Listed $88,675 REALCOMP
• 2026-01-19 Listed $88,675 SW Michigan MLS
• 2026-01-19 Listed $88,675 MiRealSource-MiMLS
• 1995-11-07 Sold (Public Records) $43,000 Public Records
• 1995-08-31 Sold (MLS) $43,000 MiRealSource-MiMLS
• 1995-07-15 Listing Removed — MiRealSource-MiMLS
• 1995-06-19 Listed $42,900 MiRealSource-MiMLS

Property tax history

-3.7%/yr

Latest (2025): $1,041 · -55.1% YoY. Source: county tax records.