More than half of homes purchased from the Detroit Land Bank Authority over the last decade have appreciated in value — some by tens of thousands of dollars — but the gains were not evenly distributed across the city.
Detroit — More than half of homes purchased from the Detroit Land Bank Authority over the last decade have appreciated in value — some by tens of thousands of dollars — but the gains were not evenly distributed across the city.
Around 60% of the 20,000 residential properties the land bank sold since 2014 were worth more last year than their original sale price, according to a Detroit News analysis of every residential property sold by the land bank over the last decade and 2024 city tax assessment records.
Files
clean_land_bank_analysis.ipynb(analyzes change in value of Detroit Land Bank Authority properties over time)land_bank_speculation.ipynb(compares list of known speculators in Detroit to owners of Land Bank properties)