Detroit, TX is an attractive city for potential homebuyers due to its low median house value of $166,900. This is significantly lower than the US median house value of $338,100 and offers prospective buyers with a great opportunity to enter the market. Additionally, Detroit's one year house appreciation rate of 21.41% is much higher than the US rate of 8.27%. This means that those who purchase property in Detroit have a greater chance of seeing a significant return on their investment over time. Because of these factors, Detroit is an ideal place for anyone looking to invest in real estate or purchase a home.
The median home cost in Detroit (zip 75436) is $166,900. Home appreciation the last 10 years has been 144.0%. Home Appreciation in Detroit (zip 75436) is up 23.0%.
Average Age of Homes
- The median age of Detroit (zip 75436) real estate is 41 years old
The Rental Market in Detroit (zip 75436)
- Renters make up 16.4% of the Detroit (zip 75436) population
- 2.6% of houses and apartments in Detroit (zip 75436), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.