Detroit, MN is a great place to buy a home, as evidenced by the median housing value, which is slightly higher than the national median at $407,100. Additionally, in the last year, house values have appreciated 8.21%, just below the national rate of 8.27%. This indicates that Detroit's housing market is vibrant and in good health. The city also offers plenty of opportunities for potential homeowners looking for an affordable property with great potential for appreciation. Therefore, if you are looking for a place to settle down or invest in real estate, Detroit should be on your list!
The median home cost in Detroit is $407,100. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Detroit is up 13.6%.
Average Age of Homes
- The median age of Detroit real estate is 39 years old
The Rental Market in Detroit
- Renters make up 8.4% 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.