Detroit, MI

Detroit sits at a median home value of $76,488 as of the latest Zillow read, down 3.9% year-over-year — a meaningful softening that’s putting deal flow back on the table for cash buyers.

The sale-to-list ratio sits at 0.965, and 60.6% of closed sales are landing below list. That’s a clear buyer’s market — sellers are negotiating, and motivated-seller direct mail is converting at rates we haven’t seen since 2014.

Rents tell a stronger story. The Zillow Observed Rent Index for Detroit is $1,338/mo against a $76k median — that’s a 20.99% gross annual rent yield, well above the national 4-5% baseline. BRRRR and long-term rental strategies have real cushion here.

Median days-on-market is running around 41 days against 3,257.667 active listings. Pace is moderate — neither chaos nor stagnation. Standard wholesaling cadences work here.

MDR’s composite investor score for Detroit is 90/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. That puts it in our top tier — actively recommended for new capital deployment this cycle.