T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.
Read more about our T-RECS model hereWhere willrank amongst housing markets for price growth?
Detroit-Warren-Dearborn, MI
State
Michigan
Region
Midwest
2021 Population
4,365,205
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 1,488,501 homes | 94th |
| Home Price | $202,013 | 19th |
| Price Per sqft | $153/sqft | 34th |
| Lot Size | 0.17 acre(s) | 19th |
| Home Size | 1,323 sqft | 5th |
| 2 Year Price Growth | +18.10% | 35th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 9th |
Population Age | 40 years | 28th |
| Household Size | 2.46 people | 46th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $67,153 | 56th |
| 2 Year Household Income Growth | +5.80% | 47th |
Unemployment Rate | 8.00% | 11th |
2 Year Unemployment Rate Difference | +2.70% | 15th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 49th |
| Population Growth Score | 30th |
| Price Growth Score | 64th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
86 / 200 ( 57th %tile )Top 5 Historical T-RECS Matched Markets
1.
St. Louis, MO-IL
Year: 2009
Similarity Score: 93
2.
Chicago-Naperville-Elgin, IL-IN-WI
Year: 2018
Similarity Score: 92
3.
Louisville/Jefferson County, KY-IN
Year: 2019
Similarity Score: 92
4.
Cincinnati, OH-KY-IN
Year: 2011
Similarity Score: 91
5.
Cleveland-Elyria, OH
Year: 2020
Similarity Score: 91
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 1,488,501 homes | 94th |
| Home Price | $202,013 | 19th |
| Price Per sqft | $153/sqft | 34th |
| Lot Size | 0.17 acre(s) | 19th |
| Home Size | 1,323 sqft | 5th |
| 2 Year Price Growth | +18.10% | 35th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 9th |
Population Age | 40 years | 28th |
| Household Size | 2.46 people | 46th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $67,153 | 56th |
| 2 Year Household Income Growth | +5.80% | 47th |
Unemployment Rate | 8.00% | 11th |
2 Year Unemployment Rate Difference | +2.70% | 15th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 49th |
| Population Growth Score | 30th |
| Price Growth Score | 64th |