Land and home values in Detroit, MI
Detroit is a city in Wayne County, Michigan, home to about 638,530 people. Residential land runs about $2.76 per sq ft, the typical home is worth about $97,100, and a 2-bedroom rents for about $1,180 a month, as of October 12, 2026.
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| Land: residential | $2.76 | per sq ft |
| Land: residential | $120,269 | per acre |
| Land: quarter-acre lot | $30,067 | 10,890 sq ft |
| Home: typical (median) | $97,100 | value |
| Home: entry-level | $97,100 | lower quartile |
| Home: upper-end | $353,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $932 | per month |
| Rent: 2-bedroom | $1,180 | per month |
| Rent: 3-bedroom | $1,440 | per month |
| Rent: 4-bedroom | $1,560 | per month |
| Gross yield, 2-bed | 14.6% | a year |
ZIP codes
Questions people ask
How much is land worth in Detroit, MI?
Residential land in Detroit, MI is about $2.76 per square foot, or $120,269 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $30,067. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Detroit, MI?
The typical (median) home in Detroit, MI is worth about $97,100, with entry-level homes around $97,100 and upper-end homes around $353,000, as of October 2026.
How much is rent in Detroit, MI?
A 2-bedroom rents for about $1,180 a month in Detroit, MI, a 1-bedroom about $932 and a 3-bedroom about $1,440 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.