Markets › Detroit
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Detroit MI
Current market read
Landlord’s market
ConditionFirm
The yearly data still reads a landlord's market, but the faster monthly signals are easing.
From public data. The situation now, not a forecast.
Renter Google Search InterestGOOGLE · MONTHLY
Rank
No change this month17of 43 metros
Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Cooling
Easing lately, job growth has cooled, as of Jun 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
+2.4%
▲ Year over year
Older annual rent growth, Census
DETROIT
+5.5%
US AVG
+4.7%
Median rentCENSUS · 2024
$1,248/mo
Typical rent, 2024 yearly count
In the news · DetroitNEWS · DAILY
No recent articles for this market.
Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs-0.2%
Migration-2.64/1k
SUPPLY
Permits+42%
Vacancy6.4%
Rent vs buyFREDDIE MAC · WEEKLY
+$687/mo
Cheaper to rent than buying
$1,248RENT
$1,935OWN
Net migrationCENSUS · 2024
−2.64/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.