Detroit Multifamily Market Report – March 2025

Market Overview

Yardi Matrix reports that Detroit’s multifamily sector maintained steady fundamentals in Q1 2025. Average rents reached $1,166, growing 2.2% year-over-year. Occupancy remained solid at 95.3%, thanks to limited new deliveries and steady employment in health care and education. While lifestyle assets softened, demand for affordable units stayed strong. The development pipeline is modest, helping to preserve rent stability even amid broader macro uncertainty.

About Yardi Matrix

Yardi Matrix provides data-driven insights across commercial real estate sectors, with an emphasis on property-level intelligence. Their reports cover rent growth, occupancy, and construction trends, segmented by asset class and submarket. In Detroit, where institutional investment is slowly growing, Yardi’s reports are essential for understanding market fundamentals, renter preferences, and new development feasibility.