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Detroit Real Estate Up 20% in 2019 the Most in 2 Decades…Which Neighborhoods Did the Best?

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Lisa VirkusMayor Mike Dugan announced Tuesday the Detroit Home Values increased 20% city wide last year, the largest increase in two decades!

It would also mark three years of growth after 17 consecutive years of declining home values.

The city’s focus on blight removal and improved services drove the growth, he said at a City Hall press conference. Of 194 city neighborhoods, 186 neighborhoods saw values increase in 2019. That’s the most growth in a single year since 1997, according to city officials.

“We’ve waited a long time for this,” Duggan said. “We’ve got people staying and moving into these neighborhoods instead of moving out.”

According to the city, nearly half of Detroit’s neighborhoods saw their average home value increase between 20 to 30 percent. Those neighborhoods includes large swaths of Corktown, Boston-Edison, Southwest Detroit, the Villages, Jefferson-Chalmers, East English Village, the Live6 area, and others. Only 4 percent of neighborhoods saw home values decrease.

Want to know how to navigate Detroit real estate?

Need some help figuring out Detroit real estate? Don’t forget to sign up for My Detroit Property Organizer!

What is my Detroit Property Organizer?

To be competitive in the Detroit market you have to react very quickly when something hits the market. So we created “My Detroit Property Organizer”. My Detroit Property Organizer allows you to receive real time alerts on the hottest neighborhoods in Detroit. So you don’t have to wait for your Realtor, who may NOT Really know Detroit. Realty in the D does that for you! And yes we know Detroit. In fact I live in the Historic Neighborhood of Boston Edison. So I practice what I preach.

Click here to learn more about My Detroit Property Organizer!

If you’re interested in Investing in Detroit, Moving to Detroit or Selling your Detroit home, I’d enjoy the opportunity to help!

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About The Author
Lisa Virkus

Detroit is one of the fastest growing real estate markets in the country. The issue is there are not enough Realtors who actually know the market and which neighborhoods are the safest and poised for the best growth. This is why I founded Realty in the D. I live in one of Detroit's historic neighborhoods and have been selling real estate in Detroit for almost a decade. I know the Detroit market, which neighborhoods are hot and which neighborhoods are the next to become hot! Whether you're looking to buy or sell your next home I would be happy to help you! 

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