Offering Unparalleled Detroit Foreclosure Information and Listings
In today’s changing real estate market, it is more important than ever to have timely Detroit foreclosure information and listings in order to make solid economic investments.
We provide exhaustive foreclosure listings that include bank owned homes, pre foreclosures, tax foreclosure properties, repo homes and government foreclosures from the VA, HUD, Freddie Mac and Fannie Mae.
Currently, foreclosures are on the increase due to lax subprime lending practices during the housing boom. As more distressed properties enter the market, asking prices on foreclosure homes are decreasing further.
This is an ideal environment for homebuyers as they can purchase cheap homes for under market value – sometimes as much as 40%. Investors also benefit as they can dramatically increase their streams of revenue. However, this takes some finesse and we offer our members useful news, current listings and articles to make this possible.
Detroit – also known as “Motor City” - is the largest city in the state of Michigan and a major automotive center. It is currently ranked the 11th most populated city in the nation with over 900,000 residents. Metro Detroit is estimated to have a population of over 4,000,000.
“Motor City” is headquarters to Ford Motor Company, Chrysler L.L.C. and General Motors Corporation. Detroit is also a leader in the manufacture of rubber products, automation equipment, paint products and more.
For homebuyers and investors alike who want to buy Detroit foreclosure homes, we offer the most up-to-date foreclosure information and listings to make the process of locating and purchasing foreclosure properties easier.
Zindex:ZindexHomeType |
|---|
| Condo | $185,000.00 |
| SFR | $83,000.00 |
Affordability Data |
|---|
| City | Nation |
| Zillow Home Value Index | $85,500.00 | $213,242.00 |
| 1-Yr. Change | ($0.08) | ($0.09) |
| Zestimate Per Sq. Ft. | $86.30 | $257.70 |
| Flips (Sold Twice Within the Last Yr.) | 9.10 % | 2.30 % |
| Turnover (Sold Within Last Yr.) | 1.90 % | 2.18 % |
| Property Tax | $1,664.36 | $2,861.16 |
| Median Condo Value | $185,000.00 | $216,500.00 |
| Median Single Family Home Value | $83,000.00 | $234,000.00 |
| Median 2-Bedroom Home Value | $83,000.00 | $205,000.00 |
| Median 3-Bedroom Home Value | $83,000.00 | $231,500.00 |
| Median 4-Bedroom Home Value | $83,000.00 | $337,500.00 |
Homes & Real Estate Data |
|---|
| City | Nation |
| Owners | 54.89 % | 66.27 % |
| Renters | 45.11 % | 33.73 % |
| Median Home Size (Sq. Ft.) | 1140 | 1548 |
| Avg. Year Built | 1937 | 1974 |
| Single-Family Homes | 0.03 % | 77.35 % |
| Condos | 0.60 % | 8.96 % |
BuiltYear |
|---|
| <1900 | 0.73 % |
| >2000 | 0.28 % |
| 1900-1919 | 15.48 % |
| 1920-1939 | 40.07 % |
| 1940-1959 | 40.84 % |
| 1960-1979 | 2.26 % |
| 1980-1999 | 0.33 % |
People Data |
|---|
| City | Nation |
| Median Household Income | $29,526.00 | $44,512.01 |
| Single Males | 21.19 % | 14.65 % |
| Single Females | 22.44 % | 12.46 % |
| Median Age | 33 | 36 |
| Homes With Kids | 28.54 % | 31.36 % |
| Average Household Size | 2.77 | 2.58883240001203 |
| Average Commute Time (Minutes) | 28.932100930360086 | 26.375545725891282 |
Census Summary
PricePerSqFt |
|---|
| $100-200 | 30.55 % |
| $200-300 | 0.30 % |
| $300-400 | 0.05 % |
| $400-500 | 0.02 % |
| $500-600 | 0.02 % |
| $600-800 | 0.02 % |
| <$100 | 69.02 % |
| >$800k | 0.03 % |
ZestimateBand |
|---|
| $100-200k | 41.43 % |
| $200-300k | 1.90 % |
| $300-400k | 0.29 % |
| $400-500k | 0.11 % |
| $500-600k | 0.05 % |
| $600-800k | 0.04 % |
| <$100k | 56.18 % |
| >$800k | 0.00 % |
AgeDecade |
|---|
| >=70s | 7.63 % |
| 0s | 17.78 % |
| 10s | 16.02 % |
| 20s | 14.65 % |
| 30s | 14.50 % |
| 40s | 14.05 % |
| 50s | 9.39 % |
| 60s | 5.98 % |
RelationshipStatus |
|---|
| Divorced-Female | 7.57 % |
| Divorced-Male | 5.11 % |
| Married-Female | 17.56 % |
| Married-Male | 17.80 % |
| Single-Female | 22.44 % |
| Single-Male | 21.19 % |
| Widowed-Female | 6.67 % |
| Widowed-Male | 1.66 % |
HomeSize |
|---|
| <1000sqft | 42.39 % |
| >3600sqft | 1.09 % |
| 1000-1400sqft | 23.79 % |
| 1400-1800sqft | 17.15 % |
| 1800-2400sqft | 11.11 % |
| 2400-3600sqft | 4.35 % |
CommuteTime |
|---|
| <10min | 6.68 % |
| >=60min | 8.12 % |
| 10-20min | 26.79 % |
| 20-30min | 26.91 % |
| 30-45min | 21.25 % |
| 45-60min | 10.25 % |
Occupancy |
|---|
| Own | 54.89 % |
| Rent | 45.11 % |
HomeType |
|---|
| Condo | 0.60 % |
| Other | 99.36 % |
| SingleFamily | 0.03 % |
Household |
|---|
| NoKids | 71.46 % |
| WithKids | 28.54 % |
