Southwest Detroit, Wayne County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Southwest Detroit, Wayne County, MI

Median Home Price Price

$98,674 $98.7K

Median Monthly Rent Rent

$1,198 $1.2K

GRM

7.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Southwest Detroit, MI is $1,198, with MoM change +$7 and YoY change +$49 pointing to positive momentum while volatility is low (std $14).

Benchmark Markets Side by Side

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Metric

Base market Southwest Detroit, MI

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Delta vs base

Median rent

$1,198

N/A

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Median price

$98,674

N/A

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YoY change

+$49

N/A

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Price-to-rent

6.9x

Data unavailable

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