Explore US City Harper Woods, MI - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Harper Woods, MI real estate snapshot: Pulse Score pending, cap rate –%, median price $139,900. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
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Cap Rate
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Median Price
$139,900
Market Insights
Harper Woods's real estate market is experiencing a price correction, with values down 30.0% from last year. Home prices have decreased 8.9% in the past month. With 7.0 months of supply, Harper Woods's inventory levels remain relatively tight. Homes are now taking an average of 45 days to sell, significantly longer than the 12 days typical for this market. A significant 23.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 45.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Harper Woods market with the affordability index at 81.0. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
Demographics market for - Harper Woods, MI
Total Population -
13,154
White Race
35%
African American Race
62%
Crime for City - Harper Woods, MI
Real Estate Market Prediction for - Harper Woods, MI
City Hotspots Map
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Nearby Cities From Harper Woods, MI
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FAQ about Harper Woods, MI
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Harper Woods, MI for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Harper Woods, MI.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in Harper Woods, MI?
A median-priced home ($139,900) at the average rent ($1,101/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$216/mo
Cash flow on a median home
-6.6%
Cash-on-cash return
0.70
DSCR
$1,638/mo
Rent needed for a 1.25 DSCR
$1,801/yr
Landlord insurance, hazard-adjusted