Detroit is a great place to visit or live. Known for its sports, Detroit is home to several professional sports teams, such as the Pistons, Tigers, Lions, and Red Wings. In 2005, the Baseball All-Star game was held in Detroit and in 2006 Detroit will host the Super Bowl. In addition, Detroit holds the North American International Auto Show every year.
The average Detroit home value is about 61,000. Find out more about appraisals and how Detroit home value is determined.
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| Population 951,270 | Median Age 30.9 yrs | Household Size: 2.77 |
| Avg Commute: 28.4 min | Avg Income $29,526 | Avg Home Value: $63,600 |
| July High: 84.8°F | January Low: 17.0°F | |
Detroit Home Value
If you are buying or selling a home in Detroit, you should be interested in knowing about Detroit home value. Here are some different factors you should consider when figuring out your home value.
If you want to do it yourself, your best bet will be to try and find houses in your neighborhood similar in construction and design to yours. In the actual house, of course, you will want to think of anything that gives the house value, such as bedrooms and bathrooms, kitchen space, extra rooms, decks and porches and garage space. The outside landscape also plays an important role in determining the value of a home. Location is another big issue, meaning no matter how good your own house is, its value is greatly affected by other houses around it. Other criteria include convenience, how close businesses and schools are to the home and crime rates.
Your best bet to determine home value in Detroit is to get in contact with a local real estate agent and a local appraiser. If you are selling a house, your Detroit real estate agent can help you find a reputable appraiser. If you are buying, you might want to consider a completely independent appraiser, just to make sure. A professional appraiser can judge the value of your home more accurately, especially for Detroit standards. If you are a buyer or seller, you can be sure that a fair transaction is taking place. You might also want to consider a full home evaluation to have a more in depth look at the physical aspects of the house, such as construction, past repairs and future repair or replacement costs.
Buying or selling, it is important to have a good understanding of Detroit home value. Get in touch with a local real estate agent and start learning more today.
Find out more about home value:
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®