Market Overview
Home Prices in Detroit, AL
The median home value in Detroit, AL is $147,511 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.4% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Detroit are priced64% below average.
Over the past five years, Detroit home values have risen by approximately4.9%, reflecting modest growth in this market.
Price History
Detroit Home Price Trend
2020
$125,874
$126K
—
2021
$140,647
$141K
+11.7%
2022
$162,023
$162K
+15.2%
2023
$167,444
$167K
+3.3%
2024
$156,995
$157K
-6.2%
2025
$152,717
$153K
-2.7%
2026
$147,511
$148K
-3.4%
City Comparison
Detroit vs. National Median
🏠 Detroit
$147,511
National Median
$410,000
At $147,511, homes in Detroit cost 64% below the national median of $410,000. This makes Detroit a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Detroit?
20% Down Payment
$29,502
on $147,511
Monthly P&I
$769/mo
30-yr @ 6.8%
Total Monthly Est.
~$977/mo
incl. taxes & insurance
Income Needed
$39,080
gross annual (30% rule)
10% Down Option
$14,751
+ PMI applies
Loan Amount (20% dn)
$118,009
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Detroit, AL?
The median home value in Detroit is $147,511 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.4% year-over-year.
How much have home prices changed in Detroit?
Over the past year, home values in Detroit have decreased by 3.4%. Over five years, prices have risen approximately 4.9%.
How much do I need to earn to buy a home in Detroit?
To comfortably afford the median home price of $147,511 with a 20% down payment ($29,502) at today's rates (6.8%), you'd need a gross annual income of approximately $39,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Detroit compare to the national average home price?
The national median home value is approximately $410,000. At $147,511, homes in Detroit are 64% below the national average.