What are the most expensive neighborhoods in Detroit, MI?

The neighborhoods with the highest median home values in Detroit, MI include: Palmer Woods ($583,865), Detroit Golf ($559,779), Indian Village ($519,055), Brush Park ($481,306), Corktown ($469,572).

What are the most affordable neighborhoods in Detroit, MI?

The neighborhoods with the lowest median home values in Detroit, MI include: West End ($36,700), Hawthorne Park ($38,420), Airport Sub ($39,309), Gratiot Woods ($39,422), Pilgrim Village ($39,816).

Which Detroit, MI neighborhoods have the fastest growing home values?

Neighborhoods with the highest year-over-year value growth in Detroit, MI include: Eliza Howell (15.3%), Grandmont No.1 (15.3%), Southfield Plymouth (14.2%), Bentler-Pickford (13.2%), Claytown (9.4%).

Penrose, MI Housing Market

$40,623

12.0% 1-yr

The average Penrose, MI home value is $40,623, down 12.0% over the past year. (Updated on 6/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Penrose Key Takeaways

Typical Home Values: $40,623

1-Year Value Change: -12%

(Data through June 30, 2026)

Penrose Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: --

New Listings: --

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: --

Percent of Sales Over List Price: --

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(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
State Fair Grounds--
Chaldean Town$64,726
Palmer Woods$583,865
Palmer Park--
Grixdale Farms$80,076
Green Acres$217,810
Nolan$48,994
Detroit Golf$559,779
Greenfield Park$52,243

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Penrose Rental Market Trends

Average Rent: --

National Average Rent: $1,965 (June 30, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.