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13245 Tacoma St
D Composite 42.79
Why this score? — see what drove the D 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 +15.0/30.0
  • ARV discount +7.5/15.0
  • 1% rule +5.0/10.0
  • DSCR +5.0/10.0
  • Livability +3.7/5.0
  • Rent growth +2.8/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$18,800

13245 Tacoma St · Detroit, MI 48205
3 bd · 1.0 ba · 984 sqft · SingleFamily public records · 240 Days on market
Built 1949 3,920 sqft lot $19/sqft · 65% below area ↓ 23% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

Key facts

  • Unfinished basement
  • Eat-in kitchen
  • Hardwood floors

Tags

HARDWOOD FLOORSEAT-IN KITCHENUNFINISHED BASEMENT

Neighborhood map

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

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $19k.

Deal economics

  • At list price, monthly cash flow is $938 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $19k).
  • Recommended offer: $17k (12.0% below list) — sets the bar for market timing.
  • Cap rate 66.2% 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 rising (+1.3%/yr); 373 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 42% 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 $130 of loan paydown is wiped out by about $564 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 + 1.3% rent growth), your $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

  • It's been on market 240 days — a 12% lower offer ($17k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 28y ago; this cycle's ask has dropped $41k (69%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $16,544 (12.0% below list)

Questions for the listing agent

  1. It's been on market 240 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 1949 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  8. 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.
  9. 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.
  10. 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
7.19%
Cap rate
66.17%
Cash-on-cash
213.84%
DSCR
10.51
GRM
1.2

CMA / ARV

ARV (median comp)
$54,340
List price
$18,800
Delta
-65.40%
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
19730 Goulburn St 0.21mi 3/1.5 977 (-1%) 1mo $114,000 $117 86
20020 Pelkey St 0.25mi 3/1.0 1,020 (+4%) 2mo $75,000 $74 81
13452 Tacoma St 0.14mi 3/1.0 900 (-8%) 1mo $69,072 $77 78
20218 Goulburn St 0.38mi 3/1.0 965 (-2%) 1mo $12,000 $12 78
20218 Hickory St 0.33mi 3/1.0 930 (-6%) 1mo $26,000 $28 74
20300 Hickory St 0.41mi 3/1.0 918 (-7%) 1mo $31,000 $34 69
19940 Westphalia St 0.19mi 3/1.0 1,114 (+13%) 0mo $30,000 $27 69
19161 Hamburg St 0.58mi 3/1.0 960 (-2%) 2mo $116,000 $121 67
20541 Barlow St 0.59mi 2/1.0 (-1) 980 (-0%) 2mo $60,000 $61 65
14076 Rossini Dr 0.58mi 3/1.0 1,055 (+7%) 0mo $90,000 $85 61
20577 Fairport St 0.51mi 3/1.0 1,078 (+10%) 1mo $65,000 $60 59
20543 Waltham St 0.56mi 3/1.0 890 (-10%) 1mo $50,000 $56 57

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 · 1.33% rent growth · sell at horizon

5-year hold
IRR
Equity multiple
11.35×
Total profit
$54,484
Equity at exit
$2,803
10-year hold
IRR
Equity multiple
22.96×
Total profit
$115,590
Equity at exit
$1,625

Cash invested: $5,264 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
62 Landlord-Friendly
State Michigan
62 Landlord-Friendly · EVEN
County
— inherits STATE
City
— inherits STATE
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

ZIP-level market 48205

Home prices YoY
-28.1%
Rents YoY
1.3%
Active inventory
373
Price-to-rent
1.2×

Monthly cashflow live

Estimated rent
$1,352 high interval (Pro) →
Mortgage (P&I)
$99
Tax est. 1.5%
$24 /mo · $282/yr
Insurance
$8
HOA
$0
Vacancy / Maint / Mgmt
$284
Net cashflow
$938

Break-even live

Break-even rent $164
Max offer price $18,800
Occupancy floor 26%

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
$4,700
Closing costs
$564
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
20027 Alcoy St Detroit, MI 3.0 1.0 1000 $1,349 $1.35 17d 1 0.23mi
19220 Alcoy St Detroit, MI 3.0 1.0 1023 $1,350 $1.32 17d 1 0.31mi
13669 Pfent St Detroit, MI 3.0 2.0 1031 $1,374 $1.33 17d 1 0.34mi
19170 Joann St Detroit, MI 4.0 1.0 1020 $1,400 $1.37 44d 1 0.36mi
20227 Pelkey St Detroit, MI 3.0 1.0 968 $1,350 $1.39 17d 1 0.38mi
20242 Hickory St Detroit, MI 3.0 1.0 747 $1,300 $1.74 11d 1 0.38mi
20215 Schoenherr St Unit 1 Detroit, MI 2.0 1.0 1000 $1,200 $1.20 18d 1 0.38mi
19143 Fairport St Detroit, MI 3.0 1.0 1070 $1,225 $1.14 17d 1 0.40mi
20091 Barlow St Detroit, MI 3.0 1.0 930 $1,300 $1.40 17d 1 0.48mi
20296 Waltham St Detroit, MI 3.0 1.5 986 $1,300 $1.32 17d 1 0.51mi
18624 Fairport St Unit NA Detroit, MI 3.0 1.0 924 $1,450 $1.57 24d 1 0.65mi
18624 Fairport St Detroit, MI 3.0 1.0 874 $1,450 $1.66 22d 1 0.65mi
18703 Waltham St Detroit, MI 2.0 1.0 1000 $1,100 $1.10 44d 1 0.66mi
12807 Coleen Ave Warren, MI 3.0 1.0 1080 $1,250 $1.16 24d 1 0.67mi
20553 Hamburg St Detroit, MI 3.0 1.0 1074 $1,300 $1.21 4d 1 0.68mi
12846 Georgiana Ave Warren, MI 3.0 1.0 912 $1,300 $1.43 24d 1 0.69mi
18681 Barlow St Detroit, MI 3.0 1.0 1041 $1,400 $1.34 24d 1 0.71mi
14068 Carlisle St Detroit, MI 3.0 1.0 1020 $1,300 $1.27 24d 1 0.74mi
13501 Vernon Ave Warren, MI 2.0 1.0 850 $1,300 $1.53 24d 1 0.77mi
14461 Lappin St Detroit, MI 3.0 1.5 989 $1,150 $1.16 17d 1 0.81mi
18119 Joann St Detroit, MI 2.0 1.0 800 $1,100 $1.38 24d 1 0.81mi
19335 Hoover St Detroit, MI 2.0 1.0 620 $1,099 $1.77 44d 1 0.87mi
19335 Hoover St Detroit, MI 2.0 1.0 620 $1,099 $1.77 17d 1 0.87mi
21412 Waltham Rd Warren, MI 2.0 1.0 696 $1,225 $1.76 44d 1 0.96mi
13050 Couwlier Ave Warren, MI 3.0 1.0 850 $1,350 $1.59 24d 1 1.01mi
17851 Strasburg St Detroit, MI 3.0 1.0 1079 $1,100 $1.02 17d 1 1.12mi
11513 Greiner St Unit 11521 Greiner Detroit, MI 2.0 1.0 942 $1,050 $1.11 44d 1 1.25mi
11228 Sherman Ave Warren, MI 2.0 1.0 1000 $1,200 $1.20 13d 1 1.41mi

Listing history 44 events

  1. 2026-06-18
    days on market $18,800 Active 240 DOM
  2. 2026-06-17
    days on market $18,800 Active 239 DOM
  3. 2026-06-15
    days on market $18,800 Active 237 DOM
  4. 2026-06-13
    days on market $18,800 Active 235 DOM
  5. 2026-06-13
    days on market $18,800 Active 234 DOM
  6. 2026-06-09
    days on market $18,800 Active 231 DOM
  7. 2026-06-08
    days on market $18,800 Active 230 DOM
  8. 2026-06-07
    days on market $18,800 Active 229 DOM
  9. 2026-06-04
    days on market $18,800 Active 226 DOM
  10. 2026-06-03
    days on market $18,800 Active 225 DOM
  11. 2026-06-01
    days on market $18,800 Active 223 DOM
  12. 2026-05-31
    days on market $18,800 Active 222 DOM
  13. 2026-05-09
    price $19,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  14. 2026-05-08
    price $19,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  15. 2026-03-16
    price $22,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  16. 2026-03-15
    price $22,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  17. 2026-02-25
    price $29,000 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  18. 2026-02-25
    price $29,000 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  19. 2026-02-17
    price $41,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  20. 2026-02-16
    price $41,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  21. 2025-11-05
    price $49,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  22. 2025-11-04
    price $49,900 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  23. 2025-10-22
    listed $59,900 Active 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  24. 2025-10-21
    listed $59,900 Active 700-char remark
    Show marketing remark (700 chars)

    EXCELLENT EQUITY OPPORTUNITY East Detroit ranch offers 3 bedrooms, 1 bathroom, and an unfinished basement. Features include hardwood floors and an eat-in kitchen. Conveniently located near restaurants, schools, parks, and shopping. Property is currently occupied by a non-paying occupant. No showings. Do not approach the property or occupant. Drive-by only. Buyer agent to verify all information and assume any required legal action for possession after closing. Property sold as-is, where-is. Cash or hard money only. Broker and seller make no representations or warranties. Buyer to assume responsibility for continuing eviction process, if necessary, and all repairs. Bring all reasonable offers.

  25. 2023-10-26
    soldstatus $17,000 Sold
  26. 2023-10-26
    soldstatus $17,000 Closed
  27. 2023-10-23
    status Pending
  28. 2023-10-23
    status Pending
  29. 2023-08-25
    price $18,800
  30. 2023-08-25
    price $18,800
  31. 2023-08-16
    price $19,900
  32. 2023-08-15
    price $19,900
  33. 2023-07-23
    price $25,500
  34. 2023-07-22
    price $25,500
  35. 2023-07-16
    listed $29,000 Active
  36. 2023-07-16
    listed $29,000 Active
  37. 2023-07-14
    historical $29,000
  38. 2023-07-14
    historical $29,000
  39. 2006-12-06
    historical
  40. 2006-03-06
    listed $65,000
  41. 1998-12-14
    historical
  42. 1998-11-04
    listed $50,000
  43. 1995-03-02
    soldstatus $20,805
  44. 1992-09-30
    soldstatus $25,900

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

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 · 14 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
$16,222
− Mortgage interest
−$1,053
− Property taxes
−$282
− Insurance
−$94
− Repairs & maintenance
−$1,298
− Management
−$1,298
− Depreciation
−$547
Taxable income
$11,651
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,796
After-tax cash flow
$8,460/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)
34,187
Household income
$38,966
Rent vs Own
49.4% rent · 50.6% own
Severe rent burden
2121.0

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 (93%)
Race & ethnicity
Black 93% White 3% Two or more races 2%
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
▼ -91.80%
Current HPI
235.0926
Rent YoY
▲ 1.33%
Metro
Detroit-Warren-Dearborn, MI
State GDP YoY
▲ 1.37%
F500 in state
28

Industry mix (Fortune 500 HQ in MI)

Industry F500 HQs Revenue

Price history

-23.2% since first listed
32 events — show timeline
  • 2026-05-09 Price Changed $19,900 MiRealSource-MiMLS
  • 2026-05-08 Price Changed $19,900 REALCOMP
  • 2026-03-16 Price Changed $22,900 MiRealSource-MiMLS
  • 2026-03-15 Price Changed $22,900 REALCOMP
  • 2026-02-25 Price Changed $29,000 MiRealSource-MiMLS
  • 2026-02-25 Price Changed $29,000 REALCOMP
  • 2026-02-17 Price Changed $41,900 MiRealSource-MiMLS
  • 2026-02-16 Price Changed $41,900 REALCOMP
  • 2025-11-05 Price Changed $49,900 MiRealSource-MiMLS
  • 2025-11-04 Price Changed $49,900 REALCOMP
  • 2025-10-22 Listed $59,900 REALCOMP
  • 2025-10-21 Listed $59,900 MiRealSource-MiMLS
  • 2023-10-26 Sold (MLS) $17,000 MiRealSource-MiMLS
  • 2023-10-26 Sold (MLS) $17,000 REALCOMP
  • 2023-10-23 Pending MiRealSource-MiMLS
  • 2023-10-23 Pending REALCOMP
  • 2023-08-25 Price Changed $18,800 MiRealSource-MiMLS
  • 2023-08-25 Price Changed $18,800 REALCOMP
  • 2023-08-16 Price Changed $19,900 MiRealSource-MiMLS
  • 2023-08-15 Price Changed $19,900 REALCOMP
  • 2023-07-23 Price Changed $25,500 MiRealSource-MiMLS
  • 2023-07-22 Price Changed $25,500 REALCOMP
  • 2023-07-16 Listed $29,000 MiRealSource-MiMLS
  • 2023-07-16 Listed $29,000 REALCOMP
  • 2023-07-14 Coming Soon $29,000 MiRealSource-MiMLS
  • 2023-07-14 Coming Soon $29,000 REALCOMP
  • 2006-12-06 Listing Removed REALCOMP
  • 2006-03-06 Listed $65,000 REALCOMP
  • 1998-12-14 Listing Removed REALCOMP
  • 1998-11-04 Listed $50,000 REALCOMP
  • 1995-03-02 Sold (Public Records) $20,805 Public Records
  • 1992-09-30 Sold (Public Records) $25,900 Public Records

Property tax history

-1.9%/yr

Latest (2025): $1,639 · -39.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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