Property Sales - An Analysis of Detroit's "Missing Middle" Housing Market
Blog post by Data Driven Detroit
October 17, 2023
Data Driven Detroit (D3) (Detroit)
Detroit Future City (DFC) report, “Small-Dollar Mortgages: The Role of Small-Dollar Mortgages in Detroit’s Housing Market,” examines the role of small-dollar mortgages in Detroit’s housing market, explains what factors influence the availability and demand for small-dollar mortgages, profiles the dynamics of small-dollar mortgages in three different Detroit neighborhoods, and provides recommendations for increasing small-dollar lending in Detroit for Black homebuyers. DFC developed this report as part of its mission to rebuild Detroit’s Black Middle Class, acknowledging that homeownership is a critical component to creating generation wealth.
Data Driven Detroit produced an online tool that can be used to interact with data.