247 Horton St · Detroit, MI 48202

$174,990

4 bd · 1.5 ba · 1,760 sqft · Townhouse public records · 64 Days on market

Built 1915 3,920 sqft lot Est $269k · 35% under ↓ 35% 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 +28.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Centrally located a block away from the corner of Grand Blvd. and Woodward Ave. , you can't find a better location for a renovation project. The floor plan has been opened up, allowing for a beautifully flowing space. Most of the demolition is done and the possibilities are endless. Immerse yourself in everything The North End has to offer with a house large enough to raise a family in. Blocks away from the Q-line and the Fisher Building, adjacent to the nightlife of Milwaukee Junction and the Lincoln Art Park & Marble Bar, right up the street from the Henry Ford Health complex and the Motown Museum. Close to Wayne State, CCS, many of Detroit's cultural institutions and a huge variety of restaurants, bars, cafes, shops, and salons. Easy access to all major freeways. The only thing missing is your vision!

Key facts

• 3,920 sq ft lot
• Built 1915
• Listed 64 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath townhouse listed at $175k.

Deal economics

• At list price, monthly cash flow is $585 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents falling (-5.1%/yr); 257 active listings in the ZIP; 12 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).
• At $2,188/mo this rent would consume 60% of the median local household income ($44k/yr) (locally 1258% 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $150k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $164,490 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — 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: 1.25% ✓
• Cap rate: 10.30%
• Cash-on-cash: 14.32%
• DSCR: 1.64
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $269,280
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
756 Delaware St #27	0.56mi	4/2.0	1,600 (-9%)	9mo	$245,000	$153	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: 1.4%
• Equity multiple: 1.05×
• Total profit: $2,471
• Equity at exit: $26,092

10-year hold

• IRR: 7.8%
• Equity multiple: 1.52×
• Total profit: $25,299
• Equity at exit: $15,130

Cash invested: $48,997 (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 48202

• Rents YoY: -5.1%
• Active inventory: 257
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,188 high
• Mortgage (P&I): −$918
• Tax from tax record: −$154 /mo · $1,842/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $585

Break-even live

Break-even rent $1,448

Max offer price $174,990

Occupancy floor 68%

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: $43,748
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8410 Brush St Detroit, MI	3.0	2.5	1300	$2,200	$1.69	1d	1	0.51mi
528 E Philadelphia St Detroit, MI	3.0	1.0	1625	$2,400	$1.48	1d	1	0.57mi
275 E Palmer St Detroit, MI	3.0	3.0	1500	$2,950	$1.97	43d	1	0.66mi
419 King St Detroit, MI	3.0	1.0	1668	$2,300	$1.38	10d	1	0.75mi
216 Holbrook St Detroit, MI	4.0	2.0	2000	$2,000	$1.00	21d	1	0.77mi
216 Holbrook Unit Na Detroit, MI	4.0	2.0	2000	$2,200	$1.10	1d	1	0.77mi
1418 W Euclid St Detroit, MI	3.0	1.0	2264	$1,200	$0.53	43d	1	0.99mi
1441 W Euclid St Detroit, MI	3.0	1.0	2380	$2,600	$1.09	24d	1	0.99mi
330 Westminster St Detroit, MI	3.0	1.0	1995	$1,900	$0.95	23d	1	1.10mi
330 Westminster St Unit NA Detroit, MI	3.0	1.0	1995	$1,900	$0.95	43d	1	1.11mi
505 Westminster St Detroit, MI	3.0	1.0	1700	$1,400	$0.82	17d	1	1.14mi
2047 Seward St Detroit, MI	3.0	1.0	1421	$1,523	$1.07	4d	1	1.36mi

Listing history 25 events

1. 2024-12-17
   status Pending
2. 2024-12-13
   status Pending 821-char remark

   Show marketing remark (821 chars)

   Centrally located a block away from the corner of Grand Blvd. and Woodward Ave. , you can't find a better location for a renovation project. The floor plan has been opened up, allowing for a beautifully flowing space. Most of the demolition is done and the possibilities are endless. Immerse yourself in everything The North End has to offer with a house large enough to raise a family in. Blocks away from the Q-line and the Fisher Building, adjacent to the nightlife of Milwaukee Junction and the Lincoln Art Park & Marble Bar, right up the street from the Henry Ford Health complex and the Motown Museum. Close to Wayne State, CCS, many of Detroit's cultural institutions and a huge variety of restaurants, bars, cafes, shops, and salons. Easy access to all major freeways. The only thing missing is your vision!

3. 2024-12-13
   status Pending

   Show marketing remark (821 chars)

   Centrally located a block away from the corner of Grand Blvd. and Woodward Ave. , you can't find a better location for a renovation project. The floor plan has been opened up, allowing for a beautifully flowing space. Most of the demolition is done and the possibilities are endless. Immerse yourself in everything The North End has to offer with a house large enough to raise a family in. Blocks away from the Q-line and the Fisher Building, adjacent to the nightlife of Milwaukee Junction and the Lincoln Art Park & Marble Bar, right up the street from the Henry Ford Health complex and the Motown Museum. Close to Wayne State, CCS, many of Detroit's cultural institutions and a huge variety of restaurants, bars, cafes, shops, and salons. Easy access to all major freeways. The only thing missing is your vision!

4. 2024-10-11
   listed $174,990 Active 821-char remark

   Show marketing remark (821 chars)

   Centrally located a block away from the corner of Grand Blvd. and Woodward Ave. , you can't find a better location for a renovation project. The floor plan has been opened up, allowing for a beautifully flowing space. Most of the demolition is done and the possibilities are endless. Immerse yourself in everything The North End has to offer with a house large enough to raise a family in. Blocks away from the Q-line and the Fisher Building, adjacent to the nightlife of Milwaukee Junction and the Lincoln Art Park & Marble Bar, right up the street from the Henry Ford Health complex and the Motown Museum. Close to Wayne State, CCS, many of Detroit's cultural institutions and a huge variety of restaurants, bars, cafes, shops, and salons. Easy access to all major freeways. The only thing missing is your vision!

5. 2024-10-11
   listed $174,990 Active

   Show marketing remark (821 chars)

   Centrally located a block away from the corner of Grand Blvd. and Woodward Ave. , you can't find a better location for a renovation project. The floor plan has been opened up, allowing for a beautifully flowing space. Most of the demolition is done and the possibilities are endless. Immerse yourself in everything The North End has to offer with a house large enough to raise a family in. Blocks away from the Q-line and the Fisher Building, adjacent to the nightlife of Milwaukee Junction and the Lincoln Art Park & Marble Bar, right up the street from the Henry Ford Health complex and the Motown Museum. Close to Wayne State, CCS, many of Detroit's cultural institutions and a huge variety of restaurants, bars, cafes, shops, and salons. Easy access to all major freeways. The only thing missing is your vision!

6. 2024-10-11
   historical $174,990 821-char remark

   Show marketing remark (821 chars)

   Centrally located a block away from the corner of Grand Blvd. and Woodward Ave. , you can't find a better location for a renovation project. The floor plan has been opened up, allowing for a beautifully flowing space. Most of the demolition is done and the possibilities are endless. Immerse yourself in everything The North End has to offer with a house large enough to raise a family in. Blocks away from the Q-line and the Fisher Building, adjacent to the nightlife of Milwaukee Junction and the Lincoln Art Park & Marble Bar, right up the street from the Henry Ford Health complex and the Motown Museum. Close to Wayne State, CCS, many of Detroit's cultural institutions and a huge variety of restaurants, bars, cafes, shops, and salons. Easy access to all major freeways. The only thing missing is your vision!

7. 2024-10-11
   historical $174,990

   Show marketing remark (821 chars)

   Centrally located a block away from the corner of Grand Blvd. and Woodward Ave. , you can't find a better location for a renovation project. The floor plan has been opened up, allowing for a beautifully flowing space. Most of the demolition is done and the possibilities are endless. Immerse yourself in everything The North End has to offer with a house large enough to raise a family in. Blocks away from the Q-line and the Fisher Building, adjacent to the nightlife of Milwaukee Junction and the Lincoln Art Park & Marble Bar, right up the street from the Henry Ford Health complex and the Motown Museum. Close to Wayne State, CCS, many of Detroit's cultural institutions and a huge variety of restaurants, bars, cafes, shops, and salons. Easy access to all major freeways. The only thing missing is your vision!

8. 2021-02-01
   soldstatus $150,000 Sold 984-char remark

   Show marketing remark (984 chars)

   Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

9. 2021-02-01
   soldstatus $145,000 Sold

   Show marketing remark (984 chars)

   Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

10. 2021-02-01
    soldstatus $150,000 Closed

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

11. 2021-02-01
    soldstatus $145,000 Closed

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

12. 2021-01-22
    status Pending

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

13. 2021-01-22
    status Pending

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

14. 2021-01-22
    status Pending 984-char remark

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

15. 2021-01-22
    status Pending

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

16. 2021-01-08
    listed $150,000 Active
17. 2021-01-08
    listed $150,000 Active
18. 2020-10-30
    listed $150,000 Active 984-char remark

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

19. 2020-10-30
    listed $150,000 Active

    Show marketing remark (984 chars)

    Its all about the location! This place has great bones with new windows, new roof, electrical and plumbing. You'll need to finish the drywall, paint, and cosmetic fixtures. Bring your decorating touches and vision to this beautiful historic Colonial. The house was stripped down to the studs so that you can develop your own floorplan. There is a plumbing for a first floor powder room, spacious kitchen and first floor bedroom or office. There is a 3rd floor that could be either an amazing master suite or lovely studio. The perfect location to walk to Wayne State University, shops, DIA, restaurants, museums and jump on the Q Line to the LCA. There are several vacant lots on this street and new development is coming. Get in now, before the new construction is built in the $500s. This historic charmer is located just a stone's throw away from the Fisher Theatre, and Henry Ford Hospital. You're buying good bones, good structure, and potential! CASH ONLY or a renovation loan.

20. 2020-09-01
    historical
21. 2020-09-01
    historical
22. 2020-06-18
    price $234,900
23. 2020-06-18
    price $234,900
24. 2020-05-30
    listed $269,900 Active
25. 2020-05-30
    listed $269,900 Active

ⓘ 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: $1,842 · $154/mo
• Projected year-2 tax: $2,268 · $189/mo
• Expected delta: +$426/yr (+$36/mo · 23.1%)

ⓘ 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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,262
• − Mortgage interest: −$9,802
• − Property taxes: −$1,842
• − Insurance: −$875
• − Repairs & maintenance: −$2,101
• − Management: −$2,101
• − Depreciation: −$5,091
• Taxable income: $4,450
• Est. tax owed @ 24.0%: −$1,068
• After-tax cash flow: $5,950/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): 15,780
• Household income: $43,627
• Rent vs Own: 69.1% rent · 30.9% own
• Severe rent burden: 1258.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 60% White 26% Asian 6% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 90% English-only · Other Indo-European 3% Arabic 2% 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: ▼ -239.24%
• Current HPI: 145.5509
• Rent YoY: ▼ -5.13%
• 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

-35.2% since first listed

25 events — show timeline

• 2024-12-17 Pending — REALCOMP
• 2024-12-13 Pending — MiRealSource-MiMLS
• 2024-12-13 Pending — REALCOMP
• 2024-10-11 Listed $174,990 MiRealSource-MiMLS
• 2024-10-11 Listed $174,990 REALCOMP
• 2024-10-11 Coming Soon $174,990 MiRealSource-MiMLS
• 2024-10-11 Coming Soon $174,990 REALCOMP
• 2021-02-01 Sold (MLS) $145,000 MiRealSource-MiMLS
• 2021-02-01 Sold (MLS) $150,000 MiRealSource-MiMLS
• 2021-02-01 Sold (MLS) $145,000 REALCOMP
• 2021-02-01 Sold (MLS) $150,000 REALCOMP
• 2021-01-22 Pending — MiRealSource-MiMLS
• 2021-01-22 Pending — MiRealSource-MiMLS
• 2021-01-22 Pending — REALCOMP
• 2021-01-22 Pending — REALCOMP
• 2021-01-08 Listed $150,000 MiRealSource-MiMLS
• 2021-01-08 Listed $150,000 REALCOMP
• 2020-10-30 Listed $150,000 MiRealSource-MiMLS
• 2020-10-30 Listed $150,000 REALCOMP
• 2020-09-01 Listing Removed — MiRealSource-MiMLS
• 2020-09-01 Listing Removed — REALCOMP
• 2020-06-18 Price Changed $234,900 MiRealSource-MiMLS
• 2020-06-18 Price Changed $234,900 REALCOMP
• 2020-05-30 Listed $269,900 MiRealSource-MiMLS
• 2020-05-30 Listed $269,900 REALCOMP

Property tax history

+8.2%/yr

Latest (2025): $1,842 · -17.4% YoY. Source: county tax records.