Detroit has one of the nation’s most affordable housing markets. According to Redfin's December 2023 report, the city's median sales price is $85,000, up 21.4% compared to the previous year. With over 624,000 people living in the city, Detroit has one of the Midwest region’s densest populations. Investors have long favored the area due to its affordability and high rental returns, per Norada. Just this year, the number of homes sold increased by 3.8%, reaching a peak of 465 in a single month. To help you decide what’s best for you, we have listed the top-rated Realtors® in the area.
