An analysis of Zillow Home Value Index (ZHVI) data from December 2019 to December 2024 reveals 25 neighborhoods in Michigan where residential property values doubled or more, with growth rates ranging from 100.4% to 148.6%.
Among the most striking observations: First, these dramatic increases are concentrated entirely in just two cities – Detroit (15 neighborhoods) and Flint (10 neighborhoods), suggesting targeted areas of urban revival in historically challenged markets.
Second, despite the impressive percentage gains, the actual home values remain remarkably affordable, with only one neighborhood (Russell Woods in Detroit) exceeding $100,000 in 2024 median value…