The housing market in Detroit, ME is doing better than the national average. The median value of houses in Detroit, ME is $191,100, significantly less than the US median home value of $338,100. In addition to this lower cost of entry into the market, Detroit has seen an appreciation rate in house values of 16.46% over the past year, much higher than the national average of 8.27%. This makes Detroit a great place to invest in real estate for those looking to get into a stable and growing housing market while paying relatively affordable prices.
The median home cost in Detroit is $191,100. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Detroit is up 20.6%.
Average Age of Homes
- The median age of Detroit real estate is 35 years old
The Rental Market in Detroit
- Renters make up 22.6% of the Detroit population
- 0.0% of houses and apartments in Detroit, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.