Detroit home Prices outperform the suburbs again

[313WX]

It doesn't just seem relatively impressive, it is. Detroit's $12,000 increase compared with Oakland County's $8,900 increase is impressive not just on a percentage basis but in absolute dollars are well.

You're missing my point.

First, an increase from $28K to $40K is like some city/county bragging about the fastest growing when they grow from 20K people to 40K people. In reality, you're still a fairly small, low density municipality.

Second, if an area with relatively good schools, is much safer, has a much more functional municipal government, etc. [[all things that drive real estate appreciation more than lifestyle changes) is appreciating at a relatively slower rate at $240K, then how much more room is there really for Detroit's real estate to appreciate?

And is it worth all of the red tape, low quality tenants and lawlessness you will have to contend with before you make a halfway decent return?

I'd rather buy land in a rapidly developing suburb or near a new interstate interchange before gambling on Detroit