T-RECS
powered by ResiShares
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 | 1,424,248 homes | 95th |
| Home Price | $222,892 | 22nd |
| Price Per sqft | $167/sqft | 38th |
| Lot Size | 0.17 acre(s) | 16th |
| Home Size | 1,358 sqft | 7th |
| 2 Year Price Growth | +3.37% | 16th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 7th |
Population Age | 0 years | 74th |
| Household Size | 2.44 people | 52nd |
| Economics | Percentile | |
|---|---|---|
| Household Income | $71,265 | 53rd |
| 2 Year Household Income Growth | +9.11% | 36th |
Unemployment Rate | 5.00% | 22nd |
2 Year Unemployment Rate Difference | -1.65% | 82nd |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 36th |
| Population Growth Score | 52nd |
| Price Growth Score | 30th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
56 / 200 ( 72nd %tile )Top 5 Historical T-RECS Matched Markets
1.
St. Louis, MO-IL
Year: 2019
Similarity Score: 91
2.
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Year: 2020
Similarity Score: 90
3.
Allentown-Bethlehem-Easton, PA-NJ
Year: 2020
Similarity Score: 88
4.
Tulsa, OK
Year: 2020
Similarity Score: 88
5.
Chicago-Naperville-Elgin, IL-IN-WI
Year: 2016
Similarity Score: 87
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 1,424,248 homes | 95th |
| Home Price | $222,892 | 22nd |
| Price Per sqft | $167/sqft | 38th |
| Lot Size | 0.17 acre(s) | 16th |
| Home Size | 1,358 sqft | 7th |
| 2 Year Price Growth | +3.37% | 16th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 7th |
Population Age | 0 years | 74th |
| Household Size | 2.44 people | 52nd |
| Economics | Percentile | |
|---|---|---|
| Household Income | $71,265 | 53rd |
| 2 Year Household Income Growth | +9.11% | 36th |
Unemployment Rate | 5.00% | 22nd |
2 Year Unemployment Rate Difference | -1.65% | 82nd |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 36th |
| Population Growth Score | 52nd |
| Price Growth Score | 30th |