How has New Center, Detroit, Michigan performed over the past year?

Over the past year, prices in New Center, Detroit, Michigan fell 16.7%. The neighborhood still shows gross yield of 9.4, prices about 47% above the city median and 26% below the state median, with walkability of 96 and a Red Flag score of 43.

How does New Center compare with Detroit, Michigan overall?

Compared with Detroit, Michigan, New Center is priced about 47% above the city median, while its gross yield of 9.4 is high. It also has walkability of 96 and a Red Flag score of 43, but education is in the 1st percentile.

Neighborhood

New Center

Detroit, Michigan US

New Center, Detroit, Michigan offers a high-yield, value-oriented profile, with gross yield of 9.4 and prices about 47% above the city median but 26% below the state median. Over the past year, prices fell 16.7%. It combines very strong walkability of 96 with a Red Flag score of 43, while education sits in the 1st percentile, which is a notable weakness in the data.

AI Summary•Updated May 2026

Area

0.83 mi²

ZIP Code

48202

County

Wayne County

State

Michigan

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$187,444

YoY-16.7%

Gross Rental Yield

9.4%

Listed rent · ZORI annualized

Red Flag Index

Moderate

43 / 100

Walkability Score

Walker's Paradise

OpenStreetMap POI density · national percentile

Education Score

1 / 100

Limited · better than 1% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

New Center Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for New Center, Detroit.

Unlock the New Center 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$187,444	-16.7%
Price / Sq Ft (Verified)	$114/sqft	-10.6%
Asking Rent (Median)	$1,473/mo	+2.7%
Gross Rental Yield	9.4%	—
Liquidity Score	17 / 100	Low
Homes Sold (Period)	29	-23.7%

Is New Center Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Michigan crime context.

Red Flag Breakdown

43 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Earthquake60High

Tornado60High

Heat60High

Strong Wind60High

Flood40Moderate

Hurricane40Moderate

Wildfire20Low

Hail20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Michigan averaged 18.1 crimes and 4.3 violent per 1,000 residents (-9.7% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 9.4%

Highly walkable neighborhood — score 96/100

Insights are generated from New Center's live DistrictScore metrics.

New Center Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Michigan-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.3 µg/m³ Meets EPA, above WHO guideline-19.3% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the New Center centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 62% of U.S. neighborhoods.

Michigan Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	18.1	4.3	-9.7%
2023	20.2	4.6	+0.9%
2022	20.1	4.6	+8.3%
2021	18.6	4.9	+1.8%
2020	18.4	4.8	-9.3%
2019	20.2	4.4	—

Reported at the state level — the finest official US crime aggregation; New Center inherits the Michigan figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · New Center

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)2.0 kmHigh

Industrial odor9 nearbyVery High

Point-source screening near New Center: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in New Center

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

96

Walker's Paradise

Walkability Score

10

Grocery

17

Dining

13

Schools

2

Universities

11

Hospitals

2

Pharmacies

20

Parks

9

Rail Transit

1

Coworking

POI counts are amenities within New Center's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

New Center vs Detroit vs Michigan

How New Center benchmarks against its city and state medians.

Benchmark vs City & State

In New Center, the median sale price sits about 47% above the median for Detroit neighborhoods and about 30% below the statewide median. Gross rental yield is 9.4%, against 12.5% for Detroit neighborhoods and 6.5% statewide. Over the past 12 months, prices fell 16.7%. Transaction liquidity sits below the median for Detroit neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
New Center	$114/sqft	9.4%	17
Detroit	$77/sqft	12.5%	24
Michigan	$162/sqft	6.5%	24

Unlock the New Center benchmark

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Buying Property in the US as a Foreigner

Federal & Michigan tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.13% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.25%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $3.75 per $500.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Michigan property-tax guidance for foreign buyers

Latest Detroit Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

New Center Real Estate FAQ

New Center, Detroit, Michigan shows a high-income profile with gross yield of 9.4 and prices about 47% above the city median and 26% below the state median. Over the past year, prices fell 16.7%, walkability is 96, and the Red Flag score is 43.

Neighborhoods near New Center

Compare New Center with nearby neighborhoods in Detroit.

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