Home values increased an average of 20% in Detroit, officials say

Posted on AllSides January 13th, 2023
From The Left

(CBS DETROIT) - Neighborhoods across the city of Detroit saw an average increase of 20% in home value in 2022, Mayor Mike Duggan announced Friday. Out of 209 neighborhoods, 195 increased in value ranging from 1% to more than 30% in the last two years. However, six neighborhoods lost value ranging from -2% to -11%. The data does not include the eight condo neighborhoods in Detroit. City officials say the increase will be reflected in an annual notice of property assessment changes for this year. Those notices will be delivered...

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https://cbsnews.com/detroit/news/detroit-home-values-increase-average-20-percent

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