Detroit, MI Real Estate

According to census data in the year 2000 there were 375,096 housing units in Detroit. This represents a 8.5% decline from 410,027 in 1990.

Of those housing units, 375,096 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Detroit is about 54.9%. Detroit's vacancy rate, including seasonal lodging, is about 10.3%. Average household size is 2.77 people.

The majority of houses, apartments or condos in Detroit were built after 1948.


Housing Size

Housing Units by Size
Studio Type3%
One Bedroom13.60%
Two Bedrooms29.60%
Three Bedrooms40.70%
Four Bedrooms10.20%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1946
Median Value of occupied units$63,600
Median Price asked for vacant units$55,300

Rented Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1950
Median Monthly Rent asked for vacant units$370

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.70%
Home Equity Loan7%
Simple Mortgage49.90%
Debt Free37.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%