38051 Pardo Dr · Sterling Heights, MI 48038

$54,000

3 bd · 2.0 ba · 1,050 sqft · Manufactured · 47 Days on market

Built 2022 Good condition $51/sqft · 151% above area ↓ 17% since listing

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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
• Schools +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your new sanctuary in the desirable Rivers Edge community! This beautifully maintained 2022 home features three bedrooms and two well-appointed bathrooms. As the original owner, this home has been lovingly cared for, ensuring quality and comfort. The open layout is designed to maximize natural light, creating a warm and inviting atmosphere ideal for relaxation and entertaining. Select furniture pieces can be included with the purchase, making your move-in process seamless. Enjoy convenient storage solutions with racks in the living room and the primary bedroom closet that can remain with the home. The primary suite boasts a generous walk-in closet and a spacious bathroom complete with a stylish shower featuring a sliding glass door, a large vanity area, and a linen shelf. Both bathrooms are fitted with new shower heads for a refreshing experience. Additionally, the dedicated laundry room comes equipped with a brand new washer and dryer, adding to the home’s modern conveniences. As a resident of Rivers Edge, you’ll have access to a vibrant array of amenities, including two playgrounds for family fun, refreshing swimming pools for those warm days, pavilions with barbecue areas perfect for outdoor gatherings, and a clubhouse featuring a well-equipped exercise room and gym. Enjoy leisure activities in the game room or stay active on the basketball court. Don’t miss the opportunity to make this stunning home your own and embrace the vibrant lifestyle that Rivers Edge has to offer!

Key facts

• Storage solutions
• Stylish shower
• Walk-in closet

Tags

• OPEN LAYOUT
• NATURAL LIGHT
• STORAGE SOLUTIONS
• WALK-IN CLOSET
• SPACIOUS BATHROOM
• STYLISH SHOWER

Property features AI

Finance

• Other: Located in RIVERS EDGE subdivision
• HOA & community: Homeowners association with monthly fee

Exterior

• Utilities: Public water; Public sewer
• Home design: Manufactured home; One level
• Construction: Pillar/post/pier foundation; Above-grade living area of 1,050
• Exterior features: No pool

Interior

• Kitchen: Includes dishwasher, range/oven, microwave, refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Range; Washer
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $54k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $794 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $54k).
• Recommended offer: $52k (3.0% below list) — sets the bar for market timing.
• Cap rate 23.9% vs local median 3.8% in Sterling Heights — 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 74/100 on livability (#173 in MI, #4,545 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, health & safety D+, amenities F.
• Chippewa Valley Schools (suburban): math 39% / reading 50% proficiency, ranked #133 of 540 in MI (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.9%/yr); 268 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,321 units permitted in Macomb County in 2024 (86 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $373 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Macomb County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $52,380 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 2.74% ✓
• Cap rate: 23.93%
• Cash-on-cash: 62.99%
• DSCR: 3.80
• GRM: 3.0

CMA / ARV

• ARV (median comp): $21,474
• List price: $54,000
• Delta: 151.46%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
38086 Saint Tropez Dr	0.18mi	3/2.0	1,056 (+1%)	6mo	$20,000	$19	85
15949 Charlemagne Ave	0.10mi	2/2.0 (-1)	1,100 (+5%)	1mo	$25,000	$23	81
15326 Danseur Dr	0.37mi	3/2.0	1,056 (+1%)	18mo	$49,000	$46	66
16107 Normandy St	0.17mi	3/1.0	1,200 (+14%)	8mo	$7,500	$6	57
15312 Cartier St	0.36mi	2/2.0 (-1)	1,092 (+4%)	20mo	$9,900	$9	54
16131 Normandy St	0.21mi	2/1.0 (-1)	980 (-7%)	20mo	$13,500	$14	53
15378 Danseur Dr	0.27mi	2/2.0 (-1)	924 (-12%)	14mo	$17,500	$19	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 58.5%
• Equity multiple: 3.48×
• Total profit: $37,489
• Equity at exit: $8,052

10-year hold

• IRR: 62.3%
• Equity multiple: 6.36×
• Total profit: $81,094
• Equity at exit: $4,669

Cash invested: $15,120 (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 48038

• Rents YoY: -0.9%
• Active inventory: 268
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,477 high
• Mortgage (P&I): −$283
• Tax est. 1.5%: −$68 /mo · $810/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $794

Break-even live

Break-even rent $472

Max offer price $54,000

Occupancy floor 41%

Sensitivity live

Price	-10% $831	-5% $812	+0% $794	+5% $775	+10% $756
Rent	-10% $677	-5% $735	+0% $794	+5% $852	+10% $910
Rate	-1.0pp $821	-0.5pp $807	base $794	+0.5pp $780	+1.0pp $765

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: $13,500
• Closing costs: $1,620
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38055 Leverette Ave Unit 491 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	6d	1	0.04mi
16016 Villaire Ave Unit 402 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	6d	1	0.05mi
38013 Chilver Ave Unit 381 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	45d	1	0.06mi
16011 Villaire Ave Unit 682 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	3d	1	0.07mi
16035 Villaire Ave Unit 688 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	45d	1	0.08mi
38019 Leverette Ave Unit 500 Clinton Township, MI	2.0	2.0	960	$1,389	$1.45	3d	1	0.08mi
15836 Croatia Dr Unit 544 Clinton Township, MI	2.0	1.0	840	$1,349	$1.61	45d	1	0.08mi
15974 Villaire Ave Unit 445 Clinton Township, MI	2.0	1.0	768	$1,319	$1.72	4d	1	0.09mi
38100 Ducharme Dr Unit 476 Clinton Township, MI	3.0	2.0	1056	$1,549	$1.47	4d	1	0.13mi
15868 Marentette Dr Unit 339 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	14d	1	0.14mi
38053 Orleans St Unit 124 Clinton Township, MI	2.0	2.0	960	$1,499	$1.56	16d	1	0.14mi
38056 Johannes Dr Unit 524 Clinton Township, MI	3.0	2.0	1056	$1,549	$1.47	0d	1	0.14mi
15856 Marentette Dr Unit 336 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	0d	1	0.16mi
38044 Johannes Dr Unit 521 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	45d	1	0.16mi
15835 Marentette Dr Unit 512 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	45d	1	0.17mi
16152 Notre Dame St Unit 199 Clinton Township, MI	2.0	2.0	960	$1,329	$1.38	0d	1	0.17mi
16151 Notre Dame St Unit 245 Clinton Township, MI	2.0	2.0	960	$1,309	$1.36	45d	1	0.18mi
38033 Ducharme Dr Unit 604 Clinton Twp, MI	2.0	2.0	960	$1,499	$1.56	45d	1	0.18mi
38051 Saint Tropez Dr Unit 990 Clinton Township, MI	3.0	2.0	1120	$1,549	$1.38	4d	1	0.20mi
15811 Villaire Ave Unit 643 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	45d	1	0.21mi
16142 Normandy St Unit 249 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	45d	1	0.21mi
15386 Danseur Dr Unit 822 Clinton Township, MI	2.0	2.0	960	$1,399	$1.46	45d	1	0.24mi
16196 Notre Dame St Unit 210 Clinton Township, MI	3.0	2.0	1056	$1,549	$1.47	0d	1	0.25mi
15377 Dominique Dr Unit 828 Clinton Township, MI	3.0	2.0	1056	$1,549	$1.47	3d	1	0.25mi
15368 Dominique Dr Unit 868 Clinton Township, MI	3.0	2.0	1056	$1,549	$1.47	45d	1	0.27mi
15353 Dominique Dr Unit 834 Clinton Township, MI	3.0	2.0	1056	$1,549	$1.47	25d	1	0.30mi
38029 Versailles St Unit 49 Clinton Township, MI	2.0	2.0	960	$1,369	$1.43	6d	1	0.32mi
15329 Danseur Dr Unit 795 Clinton Twp, MI	3.0	2.0	1056	$1,549	$1.47	4d	1	0.36mi
38271 Fairway Ct Unit 100A Clinton Township, MI	2.0	1.0	925	$1,250	$1.35	25d	1	0.71mi
38271 Fairway Ct Clinton Township, MI	2.0	1.0	925	$1,188	$1.28	45d	2	0.71mi
38280 Fairway Ct Unit 140B Clinton Township, MI	2.0	1.0	1000	$1,150	$1.15	45d	1	0.74mi
17010 Clinton River Rd Clinton Township, MI	2.0	1.0	962	$1,325	$1.38	16d	2	0.77mi
17010 Clinton River Rd Clinton Township, MI	2.0	1.0	962	$1,250	$1.30	45d	2	0.77mi
38255 Fairway Ct Clinton Twp, MI	2.0	1.0	923	$1,250	$1.35	14d	1	0.78mi
36607 Holiday Cir E Clinton Twp, MI	1.0–2.0	1.0	775	$1,249	$1.61	45d	2	0.96mi
14357 Shadywood Dr Sterling Heights, MI	2.0	2.0	1500	$2,100	$1.40	4d	1	1.02mi
14273 Shadywood Dr Sterling Heights, MI	2.0	2.0	1373	$2,100	$1.53	45d	1	1.09mi
17001 Eleanor Dr S Clinton Twp, MI	1.0–2.0	1.0	790	$1,200	$1.52	45d	1	1.28mi
0 Woodland MDWS Update, MI	1.0–2.0	1.0–2.0	1002	$2,059	$2.05	0d	10	1.33mi
38227 Schoenherr Rd Sterling Heights, MI	2.0	1.5	1250	$1,830	$1.46	0d	1	1.40mi

Listing history 21 events

1. 2026-06-21
   days on market $54,000 Active 47 DOM
2. 2026-06-18
   days on market $54,000 Active 44 DOM
3. 2026-06-17
   days on market $54,000 Active 43 DOM
4. 2026-06-16
   days on market $54,000 Active 42 DOM
5. 2026-06-15
   days on market $54,000 Active 41 DOM
6. 2026-06-13
   days on market $54,000 Active 39 DOM
7. 2026-06-13
   days on market $54,000 Active 38 DOM
8. 2026-06-09
   days on market $54,000 Active 35 DOM
9. 2026-06-08
   days on market $54,000 Active 34 DOM
10. 2026-06-07
    days on market $54,000 Active 33 DOM
11. 2026-06-04
    days on market $54,000 Active 30 DOM
12. 2026-06-03
    days on market $54,000 Active 29 DOM
13. 2026-06-02
    days on market $54,000 Active 28 DOM
14. 2026-06-01
    days on market $54,000 Active 27 DOM
15. 2026-05-31
    days on market $54,000 Active 26 DOM
16. 2026-05-19
    price $54,000 1529-char remark

    Show marketing remark (1529 chars)

    Welcome to your new sanctuary in the desirable Rivers Edge community! This beautifully maintained 2022 home features three bedrooms and two well-appointed bathrooms. As the original owner, this home has been lovingly cared for, ensuring quality and comfort. The open layout is designed to maximize natural light, creating a warm and inviting atmosphere ideal for relaxation and entertaining. Select furniture pieces can be included with the purchase, making your move-in process seamless. Enjoy convenient storage solutions with racks in the living room and the primary bedroom closet that can remain with the home. The primary suite boasts a generous walk-in closet and a spacious bathroom complete with a stylish shower featuring a sliding glass door, a large vanity area, and a linen shelf. Both bathrooms are fitted with new shower heads for a refreshing experience. Additionally, the dedicated laundry room comes equipped with a brand new washer and dryer, adding to the home’s modern conveniences. As a resident of Rivers Edge, you’ll have access to a vibrant array of amenities, including two playgrounds for family fun, refreshing swimming pools for those warm days, pavilions with barbecue areas perfect for outdoor gatherings, and a clubhouse featuring a well-equipped exercise room and gym. Enjoy leisure activities in the game room or stay active on the basketball court. Don’t miss the opportunity to make this stunning home your own and embrace the vibrant lifestyle that Rivers Edge has to offer!

17. 2026-05-18
    price $54,000 1511-char remark
18. 2026-05-10
    price $59,000 1529-char remark

    Show marketing remark (1529 chars)

    Welcome to your new sanctuary in the desirable Rivers Edge community! This beautifully maintained 2022 home features three bedrooms and two well-appointed bathrooms. As the original owner, this home has been lovingly cared for, ensuring quality and comfort. The open layout is designed to maximize natural light, creating a warm and inviting atmosphere ideal for relaxation and entertaining. Select furniture pieces can be included with the purchase, making your move-in process seamless. Enjoy convenient storage solutions with racks in the living room and the primary bedroom closet that can remain with the home. The primary suite boasts a generous walk-in closet and a spacious bathroom complete with a stylish shower featuring a sliding glass door, a large vanity area, and a linen shelf. Both bathrooms are fitted with new shower heads for a refreshing experience. Additionally, the dedicated laundry room comes equipped with a brand new washer and dryer, adding to the home’s modern conveniences. As a resident of Rivers Edge, you’ll have access to a vibrant array of amenities, including two playgrounds for family fun, refreshing swimming pools for those warm days, pavilions with barbecue areas perfect for outdoor gatherings, and a clubhouse featuring a well-equipped exercise room and gym. Enjoy leisure activities in the game room or stay active on the basketball court. Don’t miss the opportunity to make this stunning home your own and embrace the vibrant lifestyle that Rivers Edge has to offer!

19. 2026-05-09
    price $59,000 1511-char remark
20. 2026-05-05
    listed $65,000 Active 1529-char remark

    Show marketing remark (1529 chars)

    Welcome to your new sanctuary in the desirable Rivers Edge community! This beautifully maintained 2022 home features three bedrooms and two well-appointed bathrooms. As the original owner, this home has been lovingly cared for, ensuring quality and comfort. The open layout is designed to maximize natural light, creating a warm and inviting atmosphere ideal for relaxation and entertaining. Select furniture pieces can be included with the purchase, making your move-in process seamless. Enjoy convenient storage solutions with racks in the living room and the primary bedroom closet that can remain with the home. The primary suite boasts a generous walk-in closet and a spacious bathroom complete with a stylish shower featuring a sliding glass door, a large vanity area, and a linen shelf. Both bathrooms are fitted with new shower heads for a refreshing experience. Additionally, the dedicated laundry room comes equipped with a brand new washer and dryer, adding to the home’s modern conveniences. As a resident of Rivers Edge, you’ll have access to a vibrant array of amenities, including two playgrounds for family fun, refreshing swimming pools for those warm days, pavilions with barbecue areas perfect for outdoor gatherings, and a clubhouse featuring a well-equipped exercise room and gym. Enjoy leisure activities in the game room or stay active on the basketball court. Don’t miss the opportunity to make this stunning home your own and embrace the vibrant lifestyle that Rivers Edge has to offer!

21. 2026-05-05
    listed $65,000 Active 1511-char remark

    Show marketing remark (1529 chars)

    Welcome to your new sanctuary in the desirable Rivers Edge community! This beautifully maintained 2022 home features three bedrooms and two well-appointed bathrooms. As the original owner, this home has been lovingly cared for, ensuring quality and comfort. The open layout is designed to maximize natural light, creating a warm and inviting atmosphere ideal for relaxation and entertaining. Select furniture pieces can be included with the purchase, making your move-in process seamless. Enjoy convenient storage solutions with racks in the living room and the primary bedroom closet that can remain with the home. The primary suite boasts a generous walk-in closet and a spacious bathroom complete with a stylish shower featuring a sliding glass door, a large vanity area, and a linen shelf. Both bathrooms are fitted with new shower heads for a refreshing experience. Additionally, the dedicated laundry room comes equipped with a brand new washer and dryer, adding to the home’s modern conveniences. As a resident of Rivers Edge, you’ll have access to a vibrant array of amenities, including two playgrounds for family fun, refreshing swimming pools for those warm days, pavilions with barbecue areas perfect for outdoor gatherings, and a clubhouse featuring a well-equipped exercise room and gym. Enjoy leisure activities in the game room or stay active on the basketball court. Don’t miss the opportunity to make this stunning home your own and embrace the vibrant lifestyle that Rivers Edge has to offer!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $17,724
• − Mortgage interest: −$3,025
• − Property taxes: −$810
• − Insurance: −$270
• − Repairs & maintenance: −$1,418
• − Management: −$1,418
• − Depreciation: −$1,571
• Taxable income: $9,212
• Est. tax owed @ 24.0%: −$2,211
• After-tax cash flow: $7,313/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.

Condition & rehab AI · 20 photos

Good 80/100 Cosmetic rehab

This well-maintained 2022 manufactured home in Rivers Edge community is move-in ready with good condition and potential for further value enhancement.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal and can add value.
• Both Replace carpet in bedrooms — Improves comfort and can increase both resale and rental value.
• Both Install smart home devices — Enhances convenience and can attract tech-savvy buyers/renters.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal and can add value. ↑
• Both Replace carpet in bedrooms — Improves comfort and can increase both resale and rental value. ↑
• Both Install smart home devices — Enhances convenience and can attract tech-savvy buyers/renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Chippewa Valley Schools
• NCES district ID: 2609570
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $64,964
• Composite: 39.61/100
• National rank: #3922
• State rank: #133 of 540 in MI

Livability — Sterling Heights

• Score: 74/100
• State rank: #173
• US rank: #4545

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Macomb County · 638,552 people
• City population: 133,573
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 44,422
• Household income: $78,567
• Rent vs Own: 37.7% rent · 62.3% own
• Severe rent burden: 1788.0

Population outlook (Macomb County) Hauer SSP2

• Today (2025): 925,296 people
• By 2030: 948,226 · +2.5%
• By 2040: 983,961 · +6.3%
• By 2050: 1,010,200 · +9.2%
• By 2075: 1,076,222 · +16.3%
• By 2100: 1,077,065 · +16.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 11% Two or more races 7% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 16% Lithuanian 3% Iranian 2%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 86% English-only · Other Indo-European 5% Russian/Polish/Slavic 2% Arabic 2%

Political lean MEDSL · Macomb

• 2024 margin: R (+13.7) · D 42.2% · R 55.9% · Other 1.9%
• 2008→2024 swing: -22.3pp toward R · 2008: 8.6pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+8.1 2016: R+11.6 2012: D+4.0 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -212.31%
• Current HPI: 261.3877
• Rent YoY: ▼ -0.92%
• 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

-16.9% since first listed

6 events — show timeline

• 2026-05-19 Price Changed $54,000 MiRealSource-MiMLS
• 2026-05-18 Price Changed $54,000 REALCOMP
• 2026-05-10 Price Changed $59,000 MiRealSource-MiMLS
• 2026-05-09 Price Changed $59,000 REALCOMP
• 2026-05-05 Listed $65,000 REALCOMP
• 2026-05-05 Listed $65,000 MiRealSource-MiMLS