Detroit homeowners gained $1.7 billion in wealth from appreciating property values, home values increase by 23%
Detroit homeowners gained a record $1.7 billion in wealth in 2023 from the appreciation of the value of their houses. Every residential neighborhood in Detroit saw an increase, @michaeleduggan announced today. Based on home sales data from the past two years, homeowners saw an average increase of 23% over 2022. The rise in residential property