Detroit Home Values Rise By $700 Million in One Year, According To New Study
A new study from the University of Michigan shows Detroit homeowners gained $700 million in home wealth in 2023 alone, pushing their total increase over the last 10 years to a staggering $4.6 billion. The report, “The Growth of Housing Wealth in Detroit and its Neighborhoods: 2014–2023,” highlights a nearly 10% rise in homeowner wealth