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Study: Detroit's Black Homeowner Values Increased By Nearly $3 Billion

Study: Detroit's Black Homeowner Values Increased By Nearly $3 Billion
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Study: Detroit leads nation in value of Black-owned homes

"The investment that the mayor was laser-focused on, (was) in the neighborhoods," said Ray Solomon, City of Detroit, Department of Neighborhoods. "He was laser-focused on blight, illegal dumping opening abandoned houses." ....

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Property values of single-family homes in Detroit rose 20% in 2022, Duggan says

More than 97% of homes rose in property value from the year before, with the highest increases reaching up to 40%. Six of the Detroit s 209 neighborhoods saw declines in property values. ....

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Property values continue upward rise in Detroit, but property tax watchdogs are wary

But as proposed assessment changes go out to almost 400,000 Detroiters - there are bound to be a lot of questions about how to read it - and what it means - for property taxes. ....

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Detroit home values rose 31 percent in 2021 | Crain's Detroit Business

Property values in Detroit were up 31 percent on average, rising in all but five neighborhoods, as they have nearly returned to levels not seen in a decade.

Residential values rose to an expected $4.83 billion in 2021, nearly as high as their 2012 value of $4.85 billion. In announcing the jump… ....

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