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Detroit Property Desk

Detroit Property Desk writes for The Daily Detroit on Detroit news, community and daily life.

Articles by Detroit Property Desk

Property
Off-the-plan vs established: first home buyer comparison in Detroit
As thousands of Detroiters consider their first big step onto the property ladder, a new crop of off-the-plan developments presents fresh choices—and risks—against the city’s long-standing inventory.
4 July 2026, 10:43 pm
Property
What $500K to $700K Actually Buys You in Detroit's Suburbs Right Now
First-time buyers chasing their dollar further from downtown are finding wildly different homes depending on which ZIP code they pick — here's the breakdown.
4 July 2026, 10:43 pm
Property
How to Save a Deposit Faster in Detroit's Punishing Housing Market
With median home prices climbing past $210,000 in key Detroit neighborhoods, first-time buyers need a smarter playbook — and the city has several programs most people never tap.
4 July 2026, 10:42 pm
Property
Buying Your First Detroit Home? The Shared Equity Scheme Explained Step by Step
A practical walkthrough for first-time buyers using Detroit’s shared equity program, including how it works and what to expect on your side of town.
4 July 2026, 10:40 pm
Property
How to Save a Detroit Down Payment Faster When Prices Keep Moving
With entry-level homes in some city neighbourhoods now clearing $180,000, first-time buyers need a smarter savings strategy — and the grants to back it up.
4 July 2026, 10:39 pm
Property
Lenders Mortgage Insurance: When It Makes Sense to Pay It
Detroit's surging home prices mean some first-time buyers are better off paying LMI now than waiting years to scrape together a 20% down payment.
4 July 2026, 10:39 pm
Property
Detroit Auction Clearance Rates Hit 59%: A Sign of Shifting Buyer Sentiment
Latest property auction figures point to a cooling market, challenging sellers and hinting at new opportunities for buyers.
4 July 2026, 2:38 pm
Property
Warrendale Tops Detroit Suburbs for Rental Yields, Luring Investors in 2026
With yields pushing 10%, Warrendale outpaces Metro Detroit's established hotspots as landlords chase higher returns.
4 July 2026, 2:38 pm
Property
Detroit Renters Face Tough Choices as Leases Expire in a Tight Housing Market
With rental supply squeezed across Detroit, here's what tenants can do—and where to turn—when their lease is up.
4 July 2026, 2:38 pm
Property
How Much Rent Is Too Much? The 30% Rule in Practice in Detroit
As rent prices climb across Detroit, residents and experts reconsider if the old 30% affordability guideline still holds up.
4 July 2026, 2:18 pm
Property
Detroit Investors Return, Turning Up the Heat in City’s Competitive Housing Market
A surge of investor activity is squeezing local buyers as prices jump in key Detroit neighborhoods.
4 July 2026, 2:18 pm
Property
Detroit’s Rosedale Park Tops List for Highest Rental Yields in City Suburbs
As property prices climb citywide, this westside neighborhood outpaces the pack—drawing both investors and new residents.
4 July 2026, 2:18 pm
Property
Hazel Park on the Brink: Overlooked Suburb Awaits Rezoning Surge
Amid fierce competition for affordable space, all eyes turn to Hazel Park as city officials signal imminent zoning changes.
4 July 2026, 2:03 pm
Property
Detroit Renters Face Tough Choices as Leases Expire During Tight Housing Crunch
As apartment supply shrinks and rents climb, residents search for practical options to avoid displacement.
4 July 2026, 2:03 pm
Property
Detroit Home Prices Rise 6% Year-Over-Year, Slower Growth Seen in Midtown and Corktown
Quarterly data shows steady gains but signals a cooling from the double-digit surges of 2025.
4 July 2026, 2:03 pm
Property
Rosedale Park on the Radar: How Rezoning Could Transform Detroit’s Quiet Northwest Suburb
Tucked away beyond the rush of downtown, Rosedale Park is drawing investor attention as Detroit officials near a major rezoning decision.
4 July 2026, 1:49 pm
Property
Detroit’s House-Unit Price Gap Widens: What It Means for Buyers and Investors
Single-family home prices continue to outpace condominiums, shifting opportunities and risks across Detroit’s real estate market.
4 July 2026, 1:49 pm
Property
Detroit Renters Face Fierce Competition as Vacancy Rates Fall Below 4%
With apartments in Midtown and Corktown snapped up in days, Detroit’s red-hot rental market is squeezing would-be tenants.
4 July 2026, 1:49 pm
Property
Detroit’s Build-to-Rent Boom: What Tenants Gain—and Pay—for Flexibility
As new projects rise across Grandmont Rosedale and Corktown, Detroit renters weigh fresh amenities and price tags in the city’s shifting property market.
4 July 2026, 1:33 pm
Property
Investor Re-Entry Fuels New Wave of Competition in Detroit Real Estate
Buyers face tighter margins and faster sales as local and out-of-state investors snap up homes across Detroit's rebounding neighborhoods.
4 July 2026, 1:33 pm
Property
Why Grosse Pointe Park Remains Detroit’s Best Blue-Chip Bargain
Tree-lined streets, lake views, and benchmark schools keep buyers flocking to Grosse Pointe Park, where value can still be found among million-dollar sales.
4 July 2026, 1:33 pm
Property
Detroit Buyers Get Bolder as Rate Hike Fears Ease, Sending Market Into New Gear
Hints of lower mortgage rates in late 2026 are prodding Detroit homebuyers off the sidelines, shifting the balance in once-sluggish neighborhoods.
4 July 2026, 1:18 pm
Property
Huntington Woods Holds Its Status: The Blue-Chip Detroit Suburb That Still Offers Value
Despite rising prices across Metro Detroit, Huntington Woods remains an investment hotspot for families and investors seeking stability and growth.
4 July 2026, 1:18 pm
Property
Surprising Shift: Suburbs Where Buying Now Beats Renting in Metro Detroit
New data shows homeownership is cheaper than renting in several key Detroit suburbs, upending years of market trends.
4 July 2026, 1:18 pm
Property
Detroit’s Bagley Neighborhood Tops Charts For Rental Yield, Drawing Investors
With gross yields cresting 11 percent, Bagley is capturing the attention of landlords seeking solid returns in Detroit.
4 July 2026, 1:03 pm
Property
Why Warrendale Leads Detroit’s Rental Yield Race for Investors
Detroit’s Warrendale neighborhood is delivering the highest rental yields in the metro area, outpacing popular alternatives with solid returns and growing tenant demand.
4 July 2026, 1:03 pm
Property
Is Renting Actually Cheaper Than Buying in Detroit Right Now?
New data shows the monthly gap between rent and mortgage costs in Detroit remains wider than at any time over the past decade.
4 July 2026, 1:03 pm
Property
Detroit Home Prices Climb 7.4% Over Last Year, but Growth Slows in Core Neighborhoods
Quarterly numbers show Detroit property values up sharply compared with last summer, with hotspots shifting away from downtown.
4 July 2026, 1:03 pm
Property
Is Renting Actually Cheaper Than Buying Right Now in Detroit?
Rising interest rates and surging home prices are reshaping the cost equation for renters and buyers across the Motor City.
4 July 2026, 1:03 pm
Property
Detroit Home Prices Climb 7% Year-on-Year, Led by Downtown and Woodbridge
Median home values in Detroit continue steady gains through Q2, outpacing regional averages as buyers jostle for limited inventory.
4 July 2026, 1:03 pm
Property
As Leases Expire, Detroit Renters Face Tight Supply—Here's How to Stay Ahead
With vacancies near record lows across the city, renters scrambling for their next home have options, but quick action and new strategies are key.
4 July 2026, 12:30 pm
Property
Where Downsizers Are Moving and Why: Novi, Birmingham Top the List for Detroiters
Retirees and empty-nesters are cashing out of historic homes and heading to Metro Detroit’s fastest-growing suburbs, lured by walkability, safety, and new condo options.
4 July 2026, 12:30 pm
Property
Detroit Home Prices Jump 7% Since Last Summer as Midtown and Corktown Outpace Suburbs
Quarterly market data shows citywide gains, with core neighbourhoods posting double-digit price hikes year-on-year.
4 July 2026, 12:30 pm
Property
Growth Corridor Suburb with New Infrastructure: A Haven for Investors in Detroit
The suburb of Ferndale is experiencing a surge in investment and development, driven by its strategic location and new infrastructure projects.
4 July 2026, 12:24 pm
Property
Detroit Sees 8% Quarterly Price Growth, Outpacing Last Year's Rates
New data shows the city's dynamic real estate market is showing no signs of slowing down, with prices in some neighborhoods increasing by as much as 15%
4 July 2026, 12:24 pm
Property
Regional Rental Markets Outpace Detroit in Affordability
A closer look at the numbers reveals that nearby cities offer more bang for your buck when it comes to renting versus buying
4 July 2026, 12:24 pm
Property
Investor Re-Entry Heats Up Detroit Market, Intensifying Competition
After a brief lull, investors are flocking back to Detroit's dynamic real estate market, driving up prices and competition in neighbourhoods like Midtown and Corktown.
4 July 2026, 12:17 pm
Property
Gentrifying Pocket in Detroit Attracts Young Professionals
The up-and-coming neighbourhood of Corktown is seeing a surge in investment and interest from young professionals, with its vibrant atmosphere and affordable prices.
4 July 2026, 12:17 pm
Property
What Renters Can Do When Leases End Amid Tight Supply
As Detroit's dynamic real estate market continues to favor buyers, renters face uncertainty when their leases expire, with limited options and rising costs.
4 July 2026, 12:17 pm
Property
Detroit Auction Clearance Rates Signal Cooling Market—But Pockets of Heat Remain
Downtown auctions post the lowest clearance rate since 2021, but neighborhoods like Corktown and Bagley tell a more complicated story.
4 July 2026, 12:13 pm
Property
Detroit’s Rental Vacancy Rate Hits Record Low as Apartment Competition Reaches Boiling Point
Renters face tough odds in Detroit’s hottest neighborhoods, where fewer available units and surging demand mean bidding wars not seen since the condo boom.
4 July 2026, 12:13 pm
Property
Bagley Outpaces Rivals as Detroit’s Top Rental Yield Suburb for 2026
Investors are rushing into northwest Detroit’s Bagley neighborhood as rental returns eclipse every other suburb, driven by affordability and surging demand.
4 July 2026, 12:13 pm
Property
What $500k to $700k Actually Buys First Home Buyers in Each Detroit Suburb
From mid-century gems in Grandmont Rosedale to new construction lofts in West Village, Detroit’s $500,000 to $700,000 bracket tells a very different story depending on your neighborhood.
4 July 2026, 12:13 pm
Property
East English Village Leads Detroit Suburbs in Rental Yield for Investors
Median gross yields of 10.2% are drawing investor attention to this eastside neighborhood, outpacing regional competitors and sparking new development activity.
4 July 2026, 12:13 pm
Property
Detroit Auction Clearance Rates Hit 12-Month High in June as Buyers Return
The city’s property auction market posts a clearance rate of 68% for June, lifted by pent-up demand and ongoing inventory crunch.
4 July 2026, 12:13 pm
Property
Build-to-Rent Developments Promise Stability—But At What Cost for Detroit Renters?
As new build-to-rent communities rise in Corktown and Brush Park, Detroiters weigh premium amenities against long-term affordability.
4 July 2026, 12:13 pm
Property
Detroit Council Votes to Relax Density Rules, Ushering Major Design Changes for New Developments
Zoning overhaul to reshape Midtown and West Village with taller, denser housing and revised design mandates.
4 July 2026, 12:13 pm
Property
Detroit Sellers Face Tougher Market as Listing Times Climb and Discounts Deepen
Average listing times tick up across Detroit, with more homeowners cutting asking prices to lure cautious buyers.
4 July 2026, 12:13 pm