One-third of Detroit's Rental Housing Owned by Landlords With at Least 5 Properties

August 15, 2022, 7:00 AM

Home in Detroit on Robson St. renting for $1,200

A small group of landlords own a fair number of Detroit's rental properties.

One-third of the city’s rental housing is owned by landlords who have five or more properties, Bridge Detroit reports, citing an analysis by Detroit Future City, a nonprofit thinktank dedicated to improving Detroiter's lives.

The analysis also found:

  • Of Detroit’s 42,191 landlords, 87 percent own one or two properties.
  • 64 percent of properties are owned by landlords with a Detroit address and 87 percent have a Michigan address.
  • There are an estimated 137,346 rental units in Detroit.
  • As of 2015, renters outnumbered homeowners in the city for the first time since 1950
  • Most of the homes are not registered within Detroit’s formal rental system. 


Read more:  Bridge Detroit

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