Map: Housing Value Change in Detroit 2004 – 2015

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This Washington Post article uses data from Black Knight Financial Services to examine home values pre-recession to the more current 2015 home values. As many other socio-economic analyses have suggested, the examination of home value data shows a deeply uneven recovery. On the data:

“The estimates reflect repeat sales and loan data from 2004 to 2015 across the country, down to the neighborhood level for some 19,000 Zip codes. Values are not adjusted for inflation. The data are adjusted to correct for the sales prices of distressed properties such as foreclosures to better capture what homes would sell for on the open market.”

Across zipcodes in Detroit, home values are down between 50% and 73%. The zipcode 48216, where Corktown is located and quickly becoming an expensive neighborhood in which to own housing, has seen the lowest home value loss since 2004.

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