Economy

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Regional Detroit Economic Indicators

Gross Domestic Product  (Up 14% over 2009) 2013: 213,258M
Unemployment (Down .3% over April 2012) July 2013: 9.4%
Personal Income per Capita ( Up 6% over 2010) 2011: $36,884
Patents/Tech Transfer Activity  2011: 2,948
Educational Attainment (Bachelor’s Degree or higher) 2012 1-yr est.: 28.3%
Exports  2012: $55.4B
Construction permits 2013 (SEMCOG): 7,766

Median Housing Value – 2010 5 year ACS

The Detroit region’s housing market proves to be very affordable. Detroit is the number one metro area for affordability of homeownership, according to a 2012 Trulia study. Additionally, the region’s recovery in the housing market has been strong with the number of home sales increasing since 2011.

Median Housing Value Chart

County/Metro Area Median House Value Median Rent Value
Gensee County $108,284 $515
Lapeer County $135,902 $555
Lenawee County $130,134 $577
Livingston County $216,400 $860
Macomb County $157,000 $752
Monroe County $161,800 $733
Oakland County $204,300 $871
St. Clair $150,300 $691
Washtenaw County $216,200 $866
Wayne County $121,100 $759

Source: SEMCOG.

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