Detroit, MI Multifamily Market Report | Yardi Matrix | Q4 2025

Market Overview

Detroit's multifamily market held its ground through October 2025, with average asking rents flat on a trailing three-month basis at $1,332, even as the national average slipped 20 basis points to $1,743. Year-over-year, Detroit rents rose 1.9%, well ahead of the 0.5% national gain, placing the metro eighth among the top 30 markets tracked by Yardi Matrix. The construction pipeline remained measured, with just over 1,500 units delivered through October and 3,701 underway. A proposed $7 billion data center campus in nearby Saline Township, backed by OpenAI, Oracle, and Related Digital, signals meaningful demand-side investment on the horizon.

About Yardi Matrix

Yardi Matrix is a national commercial real estate data and analytics firm serving investors, developers, and property managers across asset classes. Their Detroit December 2025 multifamily market report covers asking rents, occupancy, construction pipeline activity, and investment volume to help owners and investors assess market conditions. To read the full report, click here.