Since 2010, Downtown Detroit has seen a huge 23% surge in residents in the 48201 and 48226 zip codes.
What were once skyscrapers reserved for corporate offices are now home to trendy lofts and state-of-the-art condos and apartments.
Everywhere you look, you can see the transformation—particularly in buildings with 1920s and 1930s Art Deco bones—now featuring modern finishes, breathtaking views of the city, and luxury amenities such as rooftop pools, gated access, and 24-hour security.
As far as pricing goes, three-bedroom condos can come in at well over $1.5 million, while smaller spaces and studios range anywhere from $200,000 to $800,000 (depending on the design and updates).
That said, the road back was far from smooth.
In 2008, the crash nearly brought Detroit to its knees—foreclosures reached an all-time high, the population drastically dipped, and bankruptcy loomed like a black cloud.
However, Detroit has reemerged as a startup haven in the years since, particularly in tech, small business, and hospitality.
Groundbreaking Initiatives such as Motor City Match have helped launch a whopping 1,800 small businesses while infusing nearly $14 million into the city in the form of local grants, revitalizing a city that was once thought to be without a hope in the world.
There’s also Ford’s recent redevelopment of Michigan Central Station just three miles away from Downtown Detroit, which boosts plenty of exciting signals for the future: retail, restaurants, labs, and potentially even a boutique hotel in a space that was once abandoned and boarded up.