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Is Detroit, MI a good place to invest in real estate?

Real data from the LumosTerra engine, snapshot as of 2026-10-29. Every number below comes from the same tables the market pages use - no estimates are invented.

The market at a glance

Median home value (tracked areas)$67,071
Appreciation, last 3 years21.8%
Appreciation, last 5 years30.0%
Appreciation, last 10 years206.5%
Active for-sale listings3,830
List price range$1,500 - $7,000,000

The short-term rental picture

Top tracked annual revenue$102,597
Top tracked occupancy70.8%
Top tracked daily rate$544

Short-term numbers swing by property type and season - pull a specific address for the property-level picture.

Local rules

Short-term rentals are not allowed in the cached ordinance record. Verify with the local authority before relying on it - cached records are a map, not the law.

What the community is saying

Jump in at the LumosTerra forum - every answer there comes with the engine data attached.

Compare with nearby markets

Go deeper

All figures are engine estimates from the LumosTerra tracked-data snapshot as of 2026-10-29. They are starting points, not recommendations - verify rents, comps and local rules before acting on any of them.

Best places to invest in real estate · Real estate investing forum · Pricing