Detroit’s Black Homeowners Gained Nearly $3B in Real Estate Wealth From 2014-22

April 16, 2024


Read time:

5-15 mins
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Nine years of home sales data culminated in a new study published by the U-M Poverty Solutions team, showing that Black homeowners in Detroit amassed $2.8 billion in added home value between 2014 and 2022, representing an 80% increase. The rise in home values is largely attributed to improvements to neighborhoods, including renovation of city parks, speed hump installations, and more. Read the researchers’ and the Mayor of Detroit’s comments on the milestone in this article from the Ford School.

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