Downtown Detroit Market Snapshot

Page 1


Population Overview

Housing Market

Housing Profile Annual Facts

Main Demographic Profile

50%

76%

66%

Source:

25.1%

$69,813 All households

$72,574 All households $63,716 Mostly one-person households

$43,871 Mostly one-person households

Apartments Average Rent and Size

Vacancy Rate Downtown BIZ 2024 Q4 STUDIO 1 BATH Avg. Rent $1,118 Avg. Size 491 Sq.Ft. Total Units 974

1 BEDROOM 1.5 BATH

Rent $1,508

Size 684 Sq.Ft

Units

2 BEDROOM 2 BATH

Rent $2,605

Size 1,238 Sq.Ft Total Units 377

BEDROOM 1 BATH Avg. Rent $1,557 Avg. Size 751 Sq.Ft Total Units 983 2 BEDROOM 1 BATH Avg. Rent $1,742 Avg. Size 951 Sq.Ft Total Units 164

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